Mortgage-Backed Securities Company Ally Financial Agrees to Pay $52 Million To Resolve Claims
LOS ANGELES – Ally Financial Inc. has agreed to pay the United States $52 million to settle allegations that its subsidiaries acted improperly in relation to 10 subprime residential mortgage backed securities (RMBS) in 2006 and 2007. A settlement agreement announced today resolves an investigation into alleged violations of the Financial Institutions Reform Recovery and […]