Ally Financial Inc
ALLY: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.VY | LOCK|XB? | LOCK|sT<Gj% |
Ally Financial: Exiting the Mortgage Origination Business Is a Positive Step for the Firm
Ally Financial intends to fully exit its mortgage origination business and reduce its workforce by around 5% in the process. This follows a previous move in November to stop holding new mortgages on the bank's balance sheet and instead only originating mortgages to resell them.
