UPDATE 4-Ally says may put mortgage unit in bankruptcy

Newswire

* Options range from 'staying the course' to bankruptcy - CEO * Ally is 73.8 pct owned by Treasury after bailouts * Net income $310 mln vs $146 mln year-ago (Adds details on Chrysler agreement and mortgage problems) By Rick Rothacker and David Henry April 26 (Reuters) - Ally Financial Inc, the U.S. government-owned lender, said its mortgage unit could file for bankruptcy, in the company's most direct statement so far about its plans for the struggling business. Ally Chief Executive Michael ...

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