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Ally Financial's mortgage operations include Residential Capital, LLC (ResCap) and the mortgage activities of Ally Bank and ResMor Trust. Through these divisions, the company focuses primarily on the residential real estate market in the U.S. Business activities include the origination, purchase, servicing, sale and securitization of residential mortgage loans.

On April 12, 2010, ResCap reached an agreement to sell its European mortgage assets and businesses to affiliates of certain funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG). The closing of the sale to is subject to regulatory approval and customary closing conditions.  With the completion of this transaction and certain other whole loan sales, Ally Financial will effectively exit the European mortgage market.

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