GMAC

Ally to sell remaining mortgage servicing rights to Quicken

12:21 pm U.S. ET | March 21, 2013
Ally Financial, the former GMAC lending unit that had its capital plan rejected last week by the Federal Reserve, agreed to sell its remaining agency mortgage servicing rights to Quicken Loans Inc. for about $280 million.... Read More »

 

GM unit bids for Ally international businesses

10:22 am U.S. ET | Aug. 13, 2012
General Motors has made a bid for Ally Financial's international operations, about two months after CEO Dan Akerson said he'd like to buy the business. GM's lending unit, GM Financial, bid on Ally's international operations last month, GM said in a filing with U.S. securities regulators. GM Financial and "a number of third parties" are in "the preliminary stages of the bid process investigation," the automaker said.... Read More »