Ally Financial Halts Mortgage Purchases in Massachusetts After State Sues

"The halt, which affects loans originated by correspondent lenders and wholesale brokers, is "because recent developments have led mortgage lending in Massachusetts to no longer be viable," the Detroit-based company said in a statement. Ally, owned mostly by the U.S. government after being bailed out during the 2008 financial crisis, is ranked fifth this year among the nation's mortgage providers."