Unassociated Document



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


April 13, 2011
(Date of report; date of
earliest event reported)

Commission file number: 1-3754

ALLY FINANCIAL INC.
(Exact name of registrant as specified in its charter)

Delaware
38-0572512
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)


200 Renaissance Center
P.O. Box 200  Detroit, Michigan
48265-2000
(Address of principal executive offices)
(Zip Code)

(866) 710-4623
(Registrant's telephone number, including area code)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 


Item 8.01 
Other Events.

On April 13, 2011, each of Ally Financial Inc., Ally Bank, Residential Capital, LLC and GMAC Mortgage LLC (collectively, the “Ally Entities”) entered into a Consent Order (the “Order”) with the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation.  The Order is a result of the ongoing investigations into procedures followed by mortgage servicing companies and banks in connection with mortgage foreclosure home sales and evictions.

The Order is attached hereto, and incorporated by reference as Exhibit 99.1.

Item 9.01 
Financial Statements and Exhibits.

Exhibit No.
Description                                           
 
99.1 
Consent Order, dated April 13, 2011
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
ALLY FINANCIAL INC.
(Registrant)
   
   
Dated: April 13, 2011
/s/ David J. DeBrunner                                    
David J. DeBrunner
Vice President, Chief Accounting Officer
and Controller
 
 

EXHIBIT INDEX

Exhibit No.
Description                                           
 
99.1 
Consent Order, dated April 13, 2011