Mortgage Banking Drags Down Ally in 3Q as MSR Values Sink

The government owned Ally Financial posted a $210 million loss in the third quarter, dragged down by a $471 million pre-tax charge tied to its mortgage servicing rights.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_467/ally-3q-msr-values-sink-1027258-1.html

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