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Ally Bank offers competitive rates, no monthly maintenance fees and the ease of online banking. Learn how you can quickly and easily access your Ally account. How To Find and Use Your Ally Bank Login
Ally Financial Inc. (known as GMAC until 2010) is a bank holding company incorporated in Delaware and headquartered at Ally Detroit Center in Detroit, Michigan.The company provides financial services including car finance, online banking via a direct bank, corporate lending, vehicle insurance, mortgage loans, and other related financing services such as installment sale and lease agreements.
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In 1990, the company was acquired by GMAC Mortgage Corporation. [ 2 ] In 2005, GMAC (now Ally Financial ), a subsidiary of General Motors , transferred ownership of GMAC Mortgage Corporation and Residential Funding Corporation (GMAC-RFC) to Residential Capital Corporation (ResCap) and contributed $2 billion of equity.
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In February 2014, Vishal Garg founded the company after he and his wife had a negative experience obtaining a mortgage to buy their first home. [7] In 2016, the company launched Better Mortgage and was approved to be a Fannie Mae seller/servicer. [8] In April 2019, the company partnered with Ally Financial to operate its mortgage platform. [9]
Between April 30, 1997 and February 1, 2005, PHH was a wholly owned subsidiary of Cendant Corporation (now known as Avis Budget Group) and its predecessors that provided mortgage banking services, facilitated employee relocations and provided vehicle fleet management and fuel card services.