Fox23.com |
“Ally Financial
and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners.
The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage.
Ally’s settlement is similar to accords between federal regulators and 13 other banks that ended a review of loan files required under a 2011 government action. Combined, the 13 banks are paying about $9.3 billion”