NEW YORK (Standard&Poor's) Nov. 5, 2010--Standard&Poor's Ratings Services said today that its rating on Ally Financial Inc. (formerly GMAC) and Residential Capital LLC (both B/Stable/C) are not affected by their consolidated third-quarter earnings. Ally's operating performance continued to recover, even as pretax core profitability, adjusted for income from discontinued operations, and original issue discount (OID) amortization expenses slipped to $636 million from $738 million sequentially. The North American auto-finance business reported a $568 million pretax profit, mainly reflecting the run-off of higher margin legacy assets. Strong originations of $9.4 billion during the quarter ($11.4 billion, globally), helped earnings. Mortgage operations' (including Residential Capital LLC) core profit declined to $154 million, from $230 million, mainly owing to
