Ally Financial (LTS:0HD0) Mortgage Backed Securities (USD Mil) : 0.00 (As of . 20)

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What is Ally Financial Mortgage Backed Securities (USD Mil)?

Mortgage Backed Securities (USD Mil) is a type of investment similar to a bond that is made up of mortgage loans bought from the banks that issued them. It is a type of asset-backed security secured by a mortgage or collection of mortgages.

The historical rank and industry rank for Ally Financial's Mortgage Backed Securities (USD Mil) or its related term are showing as below:

Ally Financial Mortgage Backed Securities (USD Mil) Historical Data

The historical data trend for Ally Financial's Mortgage Backed Securities (USD Mil) can be seen below:

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Ally Financial Mortgage Backed Securities (USD Mil) Chart

Ally Financial (LTS:0HD0) Mortgage Backed Securities (USD Mil) Explanation

Mortgage Backed Securities (USD Mil) is a type of asset-backed security secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals (a government agency or investment bank) that securitizes, or packages, the loans together into a security that investors can buy. Investors are essentially lending money to home buyers, while the bank becomes an intermediary between the home buyer and the investors.

Ally Financial Mortgage Backed Securities (USD Mil) Related Terms

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Ally Financial (LTS:0HD0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Ally Financial Inc (LTS:0HD0) » Definitions » Mortgage Backed Securities (USD Mil)

Comparable Companies

Traded in Other Exchanges

ALLY:USA ALLY1:Mexico GMZ:Germany

Address

500 Woodward Avenue, Floor 10, Ally Detroit Center, Detroit, MI, USA, 48226

Website

https://www.ally.com

Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, personal loans, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.

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