Ally Financial Mortgage Unit

[dmp9898]

Ran across this article today about Ally Financial. Article says it used to be GMAC.

"Ally Financial will likely place its troubled mortgage unit into bankruptcy in the next three weeks,

Read more: http://www.nypost.com/p/news/busines...#ixzz1t3g9LmHj

I usually avoid these types of articles but this was one was kind of interesting.

[Tooleman]

Ally bank..

Oh well.. I dunno what it is with them.. I had trouble getting a loan from them last year when trying to use them to buy a car.. I just gave up and went to Honda.. No problems there..

[Joe]

Ally bank is mainly owned by the us government at this point. This was all split up as part of the bailout of GM. Much of the bad debt within ally is home mortgages.