Residential Capital LLC, known as ResCap, a subsidiary of Ally Financial Inc. and the fifth largest mortgage originator and servicer in the country, filed for Chapter 11 protection along with 50 of its subsidiaries listing assets of $15.7 billion Only Bank of America, JPMorgan Chase, Wells Fargo Bank and CitiMortgage service more mortgage loans than ResCap, which services more than 2.4 million ..
Published News » Mortgage Lender
Mortgage Lender ResCap Files Ch.11; To Sell All Assets
Posted by mortgage 5 days ago (Editorial)
Fifth lender joins government mortgage scheme
Posted by mortgage 7 days ago (Editorial)
A fifth bank has joined the government?s mortgage indemnity programme for buyers of new-build homes.
GM interested in buying foreign operations of lender Ally Financial
Posted by mortgage 7 days ago (Editorial)
Ally Financial Inc.'s troubled mortgage unit Residential Capital LLC filed for Chapter 11 bankruptcy early today as the Detroit-based auto lender said it may sell its international businesses.
Quicken Loans Mortgage Services Rapidly Expands Presence in Charlotte -- Doubling Office Space in City
Posted by mortgage 7 days ago (Editorial)
CHARLOTTE, N.C., May 15, 2012 /PRNewswire/ --
Residential Finance Corp.?s David K. Stein 2012 Finalist for Top Corporate Counsel Award
Posted by mortgage 8 days ago (Editorial)
Residential Finance Corp. , a nationwide mortgage lender, announced today that David K. Stein, RFC?s co-founder, senior vice president and general counsel, has been selected as a finalist in Columbus Business First?s Top Corporate Counsel program.
Ally hopes to end mortgage woes with ResCap bankruptcy
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help set it on a path to repaying $12 billion in bailout money. ...
Residential Mortgage seeking Chapter 11 protection
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.The government-owned lender had been weighing a bankruptcy filing for Residential Capital LLC for some ...
Ally Financial's mortgage unit files for bankruptcy
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc's mortgage unit on Monday filed for bankruptcy and the auto lender said it will sell some international operations to help it get on a path to repaying US$12-billion in bailout money
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