Mortgages Lose $127 Million for Ally

The mortgage operations at Ally Financial Inc. lost $127 million for the second quarter due to its legacy portfolio, down from profits of $34 million in the first quarter and $230 million for the second quarter 2010.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_401/mortgages-lose-127-million-for-ally-1025945-1.html

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