Paulson, Tepper Said Among Investors Urging Ally to Back ResCap

John Paulson and David Tepper are among investors urging Ally Financial Inc. to back Residential Capital LLC as the government-owned lender weighs options for the mortgage unit, said three people familiar with the matter.

Paulson & Co. and Tepper’s Appaloosa Management LP are part of a group of bondholders organizing to seek full repayment of ResCap’s debts, said the people, who declined to be identified as the deliberations are private. White & Case LLP represents the group, which holds $800 million of ResCap debt, according to a statement from the law firm that didn’t name the investors.