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Ally Financial decides to exit the mortgage-related broker dealer business and will be winding...

Ally Financial decides to exit the mortgage-related broker dealer business and will be winding down its operation over coming weeks, reports HousingWire. Presumably the company will continue being a major player in the subprime auto lending area.
Comments (6)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Thank god it's "contained" .
    9 Apr 2012, 02:52 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Reuters reports, "Ally Financial, decides to exit the mortgage-related business...and launch an IPO...

     

    "Presumably the company will continue being a major player in the subprime auto lending area."

     

    (Is this the price of college? "major player in the 'subprime auto lending area?'")

     

    We Hope for Change, but, if Change doesn't come, Ally Financial will be Flush.
    9 Apr 2012, 02:54 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Tony, get a grip. Ally Financial will make it through.

     

    And if it don't...They'll launch it as an IPO and Nancy Pelosi will get 30,000 shares.
    9 Apr 2012, 06:30 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    This is GM's bank and it did fail the stress tests.
    9 Apr 2012, 02:54 PM Reply Like
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    Mr. Urban. Break it up? And GM while we're at it?
    9 Apr 2012, 03:22 PM Reply Like
  • David Urban
    , contributor
    Comments (1036) | Send Message
     
    Who knows but if the channel stuffing rumors are true then Ally will have a great quarter at the expense of the 2nd half of 2012.
    9 Apr 2012, 03:48 PM Reply Like
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