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<title><![CDATA[RSS for Michael A. Carpenter]]></title>
<description><![CDATA[Watch breaking news videos and read news updates about Michael A. Carpenter on FOXBusiness.com.]]></description>
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<title><![CDATA[Ally Financial to Pay $2.1 Billion in Settlement With ResCap, Creditors]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/ally-financial-to-pay-21-billion-in-settlement-with-rescap-creditors/?]]></link>
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<pubDate><![CDATA[Thu, 23 May 2013 17:48:55 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout.]]></description>
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<title><![CDATA[Ally to pay $2.1 billion to settle claims tied to ResCap]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/ally-to-pay-21-billion-to-settle-claims-tied-to-rescap/?]]></link>
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<pubDate><![CDATA[Thu, 23 May 2013 13:37:09 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc agreed on Thursday to pay $2.]]></description>
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<title><![CDATA[Ally Financial in $2.1 Billion Settlement With ResCap, Creditors]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/ally-financial-in-21-billion-settlement-with-rescap-creditors39709/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/23/ally-financial-in-21-billion-settlement-with-rescap-creditors39709/</guid>
<pubDate><![CDATA[Thu, 23 May 2013 11:29:26 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout.]]></description>
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<title><![CDATA[Ally in $2.1 Billion Settlement with ResCap, Creditors]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/ally-in-21-billion-settlement-with-rescap-creditors/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/23/ally-in-21-billion-settlement-with-rescap-creditors/</guid>
<pubDate><![CDATA[Thu, 23 May 2013 09:55:02 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. said Thursday it will pay $2.1 billion to its mortgage subsidiary Residential Capital and the unit's creditors under an agreement reached last week that could move the Detroit-based lender closer to repaying its government bailout.]]></description>
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<title><![CDATA[Berkshire Seeks ResCap, Ally Financial Report]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/23/berkshire-seeks-rescap-ally-financial-report/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/23/berkshire-seeks-rescap-ally-financial-report/</guid>
<pubDate><![CDATA[Thu, 23 May 2013 00:36:49 EDT]]></pubDate>
<description><![CDATA[Berkshire Hathaway Inc. (BRKA) wants an independent examiner's report on dealings between mortgage company Residential Capital LLC and its government-owned parent Ally Financial Inc. released.]]></description>
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<title><![CDATA[ResCap Bankruptcy Report Could Remain Sealed Until July 3]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/rescap-bankruptcy-report-could-remain-sealed-until-july-3/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/13/rescap-bankruptcy-report-could-remain-sealed-until-july-3/</guid>
<pubDate><![CDATA[Mon, 13 May 2013 18:42:21 EDT]]></pubDate>
<description><![CDATA[An independent examiner's report that could sway settlement negotiations in the bankruptcy of mortgage lender Residential Capital LLC may remain under seal until July 3, according to a judge's order on Monday.]]></description>
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<title><![CDATA[ResCap Bankruptcy Report May Be Filed Under Seal]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/13/rescap-bankruptcy-report-may-be-filed-under-seal/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/13/rescap-bankruptcy-report-may-be-filed-under-seal/</guid>
<pubDate><![CDATA[Mon, 13 May 2013 15:15:01 EDT]]></pubDate>
<description><![CDATA[Attorneys involved in Residential Capital LLC's bankruptcy plan to ask the court's permission on Monday to allow an independent examiner's report detailing the mortgage firm's relationship with parent, Ally Financial Inc., to be filed confidentially, according to people familiar with the matter.]]></description>
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<title><![CDATA[Negotiations Push Release of ResCap Examiner's Report to Monday]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/10/negotiations-push-release-rescap-examiner-report-to-monday/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/10/negotiations-push-release-rescap-examiner-report-to-monday/</guid>
<pubDate><![CDATA[Fri, 10 May 2013 14:01:36 EDT]]></pubDate>
<description><![CDATA[An independent examiner investigating Residential Capital LLC's relationship with parent Ally Financial Inc. will release his report Monday afternoon, a lawyer for the examiner said in a filing Friday, citing progress in negotiations between creditors and Ally.]]></description>
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<title><![CDATA[ResCap Examiner's Report Set for Release on Monday]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/10/rescap-examiner-report-set-for-release-on-monday/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/10/rescap-examiner-report-set-for-release-on-monday/</guid>
<pubDate><![CDATA[Fri, 10 May 2013 12:15:02 EDT]]></pubDate>
<description><![CDATA[An independent examiner investigating Residential Capital LLC's relationship with parent Ally Financial Inc. will release his report Monday afternoon, a lawyer for the examiner said in a filing Friday, citing progress in negotiations between creditors and Ally.]]></description>
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<title><![CDATA[ResCap CEO Marano to Resign; No Successor Named]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/06/rescap-ceo-marano-to-resign-no-successor-named/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/06/rescap-ceo-marano-to-resign-no-successor-named/</guid>
<pubDate><![CDATA[Mon, 06 May 2013 10:45:01 EDT]]></pubDate>
<description><![CDATA[The head of Ally Financial Inc.'s subprime mortgage subsidiary Residential Capital has stepped down as chief executive of the unit but plans to remain an outside director on its board while it reorganizes under bankruptcy.]]></description>
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<title><![CDATA[Creditors Committee Supports Giving ResCap More Time to File Bankruptcy Plan]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/02/creditors-committee-supports-giving-rescap-more-time-to-file-bankruptcy-plan/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/02/creditors-committee-supports-giving-rescap-more-time-to-file-bankruptcy-plan/</guid>
<pubDate><![CDATA[Thu, 02 May 2013 17:29:08 EDT]]></pubDate>
<description><![CDATA[Creditors of Residential Capital LLC say they support giving the subprime-mortgage lender more time to control its bankruptcy case, citing progress toward a potential settlement of issues that have bogged down the case.]]></description>
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<title><![CDATA[Ally Financial's Sights Set on Treasury Repayment as ResCap Fight Intensifies]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/ally-financial-sights-set-on-treasury-repayment-as-rescap-fight-intensifies/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/ally-financial-sights-set-on-treasury-repayment-as-rescap-fight-intensifies/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 18:32:40 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. said it remains focused on repaying the U.S. Treasury Department, its largest owner, this year after the Federal Reserve dealt it a setback in March.]]></description>
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<title><![CDATA[Ally Focused on Repaying Treasury]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/ally-focused-on-repaying-treasury/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/ally-focused-on-repaying-treasury/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 14:25:06 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. said it remains focused on repaying the U.S. Treasury Department, its largest owner, this year after the Federal Reserve dealt it a setback in March.]]></description>
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<title><![CDATA[Ally Again Says It Isn't Responsible for ResCap's Bankruptcy]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/ally-again-says-it-isnt-responsible-for-rescap-bankruptcy/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/ally-again-says-it-isnt-responsible-for-rescap-bankruptcy/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 13:24:08 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. says Residential Capital LLC's creditors "cannot come close" to proving that Ally is responsible for the liabilities in ResCap's bankruptcy case.]]></description>
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<title><![CDATA[Ally Financial Profit Surges on Gain]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/ally-financial-profit-surges-on-gain/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/ally-financial-profit-surges-on-gain/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 09:05:07 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc.'s first-quarter profit surged as the government-controlled auto lender reported a $900 million gain on the sale of its Canadian operations, while core pre-tax income also climbed.]]></description>
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<title><![CDATA[Ally Financial 1st-Quarter Profit Surges on Gain; Core Income Also Climbs]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/05/01/ally-financial-1st-quarter-profit-surges-on-gain-core-income-also-climbs/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/05/01/ally-financial-1st-quarter-profit-surges-on-gain-core-income-also-climbs/</guid>
<pubDate><![CDATA[Wed, 01 May 2013 08:46:37 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc.'s first-quarter profit surged as the government-controlled auto lender reported a $900 million gain on the sale of its Canadian operations, while core pre-tax income also climbed.]]></description>
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<title><![CDATA[Wilmington Trust Seeks Standing To Sue Ally Financial Over ResCap Claims]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/04/19/wilmington-trust-seeks-standing-to-sue-ally-financial-over-rescap-claims/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/04/19/wilmington-trust-seeks-standing-to-sue-ally-financial-over-rescap-claims/</guid>
<pubDate><![CDATA[Fri, 19 Apr 2013 11:20:42 EDT]]></pubDate>
<description><![CDATA[One of Residential Capital LLC's largest unsecured creditors is seeking court approval to sue the mortgage firm's parent, Ally Financial Inc., increasing pressure on the government-owned auto lender to cough up more money.]]></description>
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<title><![CDATA[Quicken Loans to Buy $34 Billion Servicing Portfolio From Ally Financial]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/03/21/quicken-loans-to-buy-34-billion-servicing-portfolio-from-ally-financial/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/03/21/quicken-loans-to-buy-34-billion-servicing-portfolio-from-ally-financial/</guid>
<pubDate><![CDATA[Thu, 21 Mar 2013 10:40:21 EDT]]></pubDate>
<description><![CDATA[Quicken Loans Inc., the online home lender, is buying a $34 billion mortgage-servicing portfolio from government-owned Ally Financial Inc. for about $280 million.]]></description>
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<title><![CDATA[Ally Reduces Credit Facilities for Auto Loans to $11 Billion]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/03/15/ally-reduces-credit-facilities-for-auto-loans-to-11-billion/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/03/15/ally-reduces-credit-facilities-for-auto-loans-to-11-billion/</guid>
<pubDate><![CDATA[Fri, 15 Mar 2013 12:32:14 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc., the government-owned auto lender, has renewed $11 billion in secured financing used to fund consumer loans and leases as well as inventory financing for dealers.]]></description>
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<title><![CDATA[Fed Sends Ally Financial Back to the Drawing Board]]></title>
<link><![CDATA[http://www.foxbusiness.com/news/2013/03/14/fed-sends-ally-financial-back-to-drawing-board427549/?]]></link>
<guid>http://www.foxbusiness.com/news/2013/03/14/fed-sends-ally-financial-back-to-drawing-board427549/</guid>
<pubDate><![CDATA[Thu, 14 Mar 2013 20:12:58 EDT]]></pubDate>
<description><![CDATA[Ally Financial Inc. will have to go back to the drawing board as it works to get out from government ownership.]]></description>
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