Ally Financial Inc lays off employees and exits mortgage business, impacting Better and HouseCanary
01/09/25, 9:48 PM
Location
charlotteMoney
$1 billion
Industry
banking
lending
fintech
finance
financial services
Type
partnership
Ally Financial Inc, based in Detroit, is laying off hundreds of employees and exiting the mortgage business. This move will have implications for real estate industry partners Better and HouseCanary, as Ally originated $1 billion in mortgages in 2023 through a partnership with Better and is also an investor in the company.
Company Info
Location
charlotte, north carolina, united states
Additional Info
Ally Financial Inc. is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business. The company serves more than 11 million customers through a full range of online banking services and securities brokerage and investment advisory services. Ally also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings.