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Ally Financial denies foreclosure moratorium

GMAC Mortgage Statement on Speculation. – Ally Financial – Ally Financial Inc. (NYSE: ALLY) is a leading digital financial services company and a top 25 U.S. financial holding company offering financial products for consumers, businesses, automotive dealers and corporate clients. Ally Bank, the company’s direct banking subsidiary, offers an array of banking products and services.

Construction spending up 0.9% in May on surge in homebuilding WASHINGTON (AP) – Spending on U.S. construction projects edged up a slight 0.1 percent in August as a strong gain in government spending offset weakness in home building and nonresidential..

Obama Hopelessly Behind on Foreclosure Issue – –  · JP Morgan Chase and Ally Financial also have halted foreclosures, at least in the 23 states that require a judge to sign off on the deals. The attorney general in one state after another is looking into possible fraudulent foreclosures. But all the while Obama Administration still resists backing a.

The Effects of a State Foreclosure Moratorium on Loan. – The Effects of a State Foreclosure Moratorium on Loan Repayment Behaviors J. Michael Collins University of Wisconsin-Madison Carly urbany montana state university During the 2008 housing crisis, lenders were documented making mistakes when repossessing homes, spurring some policymakers to call for a moratorium on foreclosure lings.