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Ally Financial posts highest origination volume in 5 years

Joey Pizzolato

Ally Financial’s positive third-quarter results were marked by a surge in originations and strong credit performance as loan modifications expired. Consumer originations totaled $9.8 billion sourced from 3.2 million applications, the highest quarterly volume in five years, Chief Executive Jeffrey Brown said during the earnings call this morning, crediting the bank’s expansion into alternative sales […]

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