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Ally Financial closes mortgage origination business

Higher-for-longer mortgage rates have claimed their first victim of 2025. Ally Financial announced Wednesday that it would exit the mortgage origination business as part of a broader strategy to pursue…

Ally Financial Mulls Divesting Credit Card Business, Shares Rise 1.8%

Ally Financial ALLY is considering selling its credit card business. This was reported by Bloomberg, citing persons familiar with the matter. ALLY shares rose and closed Friday’s trading session up…