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2010 Archives
Dec 30, 2010
Ally Financial Announces Conversion of Certain U.S. Treasury Investments into Common Equity
Positions company to repay U.S. taxpayer over time DETROIT (Dec. 30, 2010) -- Ally Financial Inc. (Ally) today announced that the U.S. Department of the Treasury has converted $5.5 billion of Ally...More
Dec 27, 2010
Ally Financial's Mortgage Subsidiaries Reach Agreement with Fannie Mae on Repurchase Exposure
DETROIT, Dec. 27, 2010 -- Ally Financial Inc. (Ally) today announced that its mortgage unit, Residential Capital, LLC (ResCap), and certain ResCap subsidiaries have reached an agreement with...More
Dec 8, 2010
Ally Financial Announces Expiration and Results of Registered Exchange Offer
DETROIT (Dec. 8, 2010) -- Ally Financial Inc. ("Ally") today announced the expiration and results of its offer to exchange (the "exchange offer") its outstanding 8.000 percent Senior Guaranteed...More
Dec 1, 2010
Kiplinger’s Personal Finance magazine recognizes Ally Bank interest checking account for “no strings, no fees”
MIDVALE, Utah, Dec. 1, 2010 -- In its December 2010 edition, Kiplinger’s Personal Finance magazine highlighted Ally Bank in a feature story of the best online banks. Ally Bank was featured in...More
Nov 23, 2010
Ally Financial Begins Wholesale Financing for Recreation Vehicles
DETROIT (Nov. 23, 2010) -- Ally Financial today announced the company will offer a national program for wholesale financing of RV dealer inventory, expanding upon its preferred provider...More
Nov 19, 2010
Ally Financial Announces Expiration and Results of Registered Exchange Offer
DETROIT (Nov. 19, 2010) -- Ally Financial Inc. ("Ally") today announced the expiration and results of its offer to exchange (the "exchange offer") its outstanding 8.300 percent Senior Guaranteed...More
Nov 18, 2010
Tom Marano’s Testimony for a House Financial Services Subcommittee Hearing
  Testimony of Mr. Thomas Marano Chief Executive Officer, Mortgage Operations Ally Financial Inc. before the Subcommittee on Housing and Community Opportunity, Committee on Financial Services,...More
Nov 15, 2010
Saab Cars North America Selects Ally Financial as Recommended Provider of Vehicle Service and Maintenance Products
DETROIT (Nov. 15, 2010) – Ally Financial has been selected as the recommended provider of finance and insurance (F&I) products and services for Saab dealerships in the U.S.   Ally Financial...More
Nov 8, 2010
Ally Financial to Commence Registered Exchange Offer
DETROIT (Nov. 8, 2010) -- Ally Financial Inc. ("Ally") today announced the commencement of an exchange offer for its outstanding 8.0 percent Senior Guaranteed Notes due 2020 (the "old notes")....More
Nov 8, 2010
SmartAuction Introduces Dealer eVantage
DETROIT (Nov. 8, 2010) – SmartAuction, Ally Financial’s online auction web site, today unveiled Dealer eVantage, a new suite of electronic tools designed to help consignors and buyers more...More
Nov 3, 2010
Ally Financial Reports Preliminary Third Quarter 2010 Financial Results
Third consecutive quarter of profitability with all operating segments reporting a profit - Third quarter 2010 net income of $269 million and core pre-tax income of $636 million
NEW YORK, Nov. 3, 2010 -- Ally Financial Inc. (Ally) today reported net income of $269 million for the third quarter of 2010, compared to a net loss of $767 million for the third quarter of 2009....More
Nov 1, 2010
Ally Financial Adopts 'Ally' Brand for Commercial Finance Business
NEW YORK (Nov. 1, 2010) – Ally Financial Inc. today announced that it will rebrand its GMAC Commercial Finance operations in North America as Ally Commercial Finance LLC as the company seeks to...More
Oct 27, 2010
Ally Financial Schedules Release of Third Quarter 2010 Financial Results
NEW YORK, Oct. 27, 2010 -- Ally Financial Inc. (Ally) has scheduled the release of its third quarter 2010 financial results for Wednesday, Nov. 3, 2010.  The press release, including financial...More
Oct 21, 2010
Ally Financial to Commence Registered Exchange Offer
DETROIT (Oct. 21, 2010) -- Ally Financial Inc. ("Ally") today announced the commencement of an exchange offer for its outstanding 8.3 percent Senior Guaranteed Notes due 2015 (the "old notes")....More
Oct 19, 2010
Ally Financial Declares Dividends on Preferred Stock
DETROIT (Oct. 19, 2010)  -- The Ally Financial Inc. (Ally) Board of Directors has declared quarterly dividend payments for certain outstanding preferred stock.  The dividends were declared on...More
Oct 18, 2010
Ally Financial Receives 2010 Auto Finance Excellence Award
DETROIT (Oct. 18, 2010) – Ally Financial has been honored with a 2010 Auto Finance Excellence Award for its success and contribution to the auto finance industry.  The award was presented at...More
Oct 15, 2010
GMAC-SAIC completes China’s first-ever financial bond issuance by an auto finance company
SHANGHAI, China (Oct. 15, 2010) – GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC) announced that yesterday it completed the first-ever financial bond issuance by an auto finance company in...More
Oct 12, 2010
GMAC Mortgage Statement on Independent Review and Foreclosure Sales
MINNEAPOLIS, Oct. 12, 2010 -- GMAC Mortgage is committed to preserving the integrity of the foreclosure process and in that spirit has engaged several leading legal and accounting firms to...More
Oct 6, 2010
GMAC Mortgage Statement on Ohio Lawsuit
MINNEAPOLIS, Oct. 6, 2010 -- GMAC Mortgage believes there was nothing fraudulent or deceitful about its foreclosure practices.  If procedural mistakes were made in the completion of certain...More
Oct 1, 2010
Ally Financial Completes Sales of European Mortgage Assets and Operations
MINNEAPOLIS, Oct. 1, 2010 – Ally Financial Inc. (Ally) today announced that its mortgage subsidiary, Residential Capital, LLC (ResCap), has completed the sales of its European mortgage assets...More
Sep 30, 2010
Ally Financial Named Preferred Finance Source in the U.S. for Fiat vehicles
Auburn Hills, Mich., (Sept. 30, 2010) – Chrysler Group LLC has selected Ally Financial to be the preferred financing provider for Fiat vehicles in the U.S.  Ally Financial will offer retail...More
Sep 24, 2010
GMAC Mortgage Provides Update on Mortgage Servicing Process
MINNEAPOLIS, Sept. 24, 2010 -- As a loan servicer, GMAC Mortgage strives to preserve homeownership whenever possible and the company has completed more than 220,000 permanent loan modifications...More
Sep 20, 2010
GMAC Mortgage Statement on Speculation Related to Foreclosure Moratorium
MINNEAPOLIS, Sept. 20, 2010 -- Recent reports have stated that GMAC Mortgage instituted a moratorium on all residential foreclosures in 23 states.  This is not true.  In fact, all new...More
Sep 17, 2010
Ally Bank to Launch Campaign Reflecting Strong Customer Satisfaction
New ads focus on positive feedback and interaction
MIDVALE, Utah, Sept. 17, 2010 -- Open dialogue, cutting-edge products and customer-friendly services have led customers to love Ally Bank, which will be reflected in a new ad campaign that is...More
Sep 14, 2010
GMAC-SAIC Celebrates Sixth Anniversary With Record Monthly Contract Volume
2010 Retail Contracts Booked Through August Surpass 2009 Full Year Total SHANGHAI (Sept. 14, 2010) -- GMAC-SAIC Automotive Finance Co., Ltd. (GMAC-SAIC), a joint venture between Ally Financial...More
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