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Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities

Posted by Fay Arfa | Nov 22, 2016 | 0 Comments

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. Asettlement agreementannounced today resolves an investigation i...

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