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Ally Financial to End Mortgage Originations

Ally Financial to End Mortgage Originations

by Phil Hall | Jan 9, 2025 | Current News & Events, Market Snapshot, Mortgage Information, Real Estate News, WRE News Exclusive

Ally Financial (NYSE: ALLY) is exiting from the mortgage origination business while cutting hundreds of jobs companywide. The digital-only bank’s layoffs will affect less than 5% of its workforce, according to a statement from bank spokesperson Peter Gilchrist to The...
Jeffrey J. Brown to step down as Ally Financial’s Chief Executive

Jeffrey J. Brown to step down as Ally Financial’s Chief Executive

by Phil Hall | Oct 11, 2023 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

Ally Financial Inc. (NYSE: ALLY) announced that CEO Jeffrey J. Brown will be stepping down early next year. Brown, who will also be leaving the Charlotte-based lender’s board of directors, has been chief executive since 2015. He will remain at Ally until Jan. 31,...

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