Ally Financial’s CEO Michael Carpenter told investors Wednesday that his company “would not settle for the kind of numbers being bandied about” as recompense for mishandled foreclosure paperwork. Ally’s GMAC Mortgage was the first servicer to admit to robo-signing issues and affidavit errors related to foreclosure processing last fall. Analysts estimate that the company could be on the hook for $ 2.5 billion of state attorneys general’s $ 25 billion settlement proposal. Carpenter says it should be a “small fraction” of that amount.
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