DETROIT - Ally Financial says it has received subpoenas from federal investigators looking into mortgage fraud. The company also says it will take a $100 million charge in the second quarter for payments it made to trusts to cover their losses on mortgage securities that went bad.
Feds subpoena Ally Financial mortgage records; lender expects $100M charge for mortgage losses
Posted by mortgage 327 days ago (Editorial)
Who Voted for this Story
Mortgage How to Get is an informational resource about mortgage news and information.
Comments