Ally CEO Says Firm `Screwed Up' Using Robosigners on Foreclosure Documents

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Ally CEO Says Firm `Screwed Up’ Using Robosigners on Foreclosure Documents

Ally CEO Says Firm `Screwed Up’ Using Robosigners on Foreclosure Documents

Ally Financial Inc., the auto and home lender, said the company was “embarrassed” that it used so-called robosigners to fill out foreclosure documents.

We screwed up,” Chief Executive Officer Michael Carpenter, 63, said today during a conference call on third- quarter earnings for Detroit-based Ally. “We had a robosigner affidavit problem. No question about it. We’re embarrassed about it and we fixed it going forward.

Any errors will be corrected and the company is “confident that we did not foreclose on anybody inappropriately,” Carpenter said. “It’s up to us to prove that.”

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5 Responses to “Ally CEO Says Firm `Screwed Up’ Using Robosigners on Foreclosure Documents”

  1. IRIS IN FLORIDA says:

    PLS C.E.O A TALLY DO NO COME AND TELL US THAT YOU WILL FIX ERRORS, WHEN THEY WERE NOT ERRORS SINCE THE BEGINING, YOU KNOW EXACTLY WHAT WAS HAPPENING, IS SO EASY NOW AND TRY TO CLEAN YU HANDS AS PONCIO PILATO. DO THE RIGHT THING RECOGNIZE WHAT YOU GUYS DID, AND HELP BORROWERS. THAT IS WHAT YOU HAVE TO DO

  2. Sam says:

    How can they just fix the problem and redo? Shouldn’t they suffer some kind of consequences ???

  3. examiner says:

    maybe more embarrassment is on the way, bankster!

  4. Trina says:

    You can’t just fix fraud. Just give the homeowners their homes.

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