Ally Financial, whose majority is owned by the government, has temporarily suspended foreclosures in 23 states as actions are about to take place that could correct some issues the company has had with some transactions. Ally was bailed out by the government during the financial crisis and is now starting to review some of its [...]
Federal regulators are finding it a bit difficult to sit down after members of Congress criticized them for failing to see the problems with the foreclosure issues that hit the country. The media reported on the issues before the federal regulators brought it to light, and that is the issue before the congressional members that [...]