Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights.
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Ally Financial's Mortgage Unit Reported To File Bankruptcy
Posted by mortgage 8 days ago (Editorial)
Ally?s Residential Capital Files for Bankruptcy Protection
Posted by mortgage 8 days ago (Editorial)
Residential Capital LLC, the unprofitable mortgage company whose parent Ally Financial Inc. (ALLY) is trying to repay a U.S. government bailout, filed for bankruptcy.
Ally Financial's Mortgage Unit Reported Near Bankruptcy
Posted by mortgage 8 days ago (Editorial)
Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender shed its troubled mortgage business but also spur drawn-out legal fights.
Ally Financial's Residential Capital mortgage unit files for bankruptcy, will sell most of its assets
Posted by mortgage 8 days ago (Editorial)
Phil Milford, Steven Church and Dakin Campbell Bloomberg News - Residential Capital LLC , the unprofitable mortgage company whose parent, Detroit-based Ally Financial Inc. , is trying to repay a U.S.
US-owned Ally's mortgage unit files bankruptcy
Posted by mortgage 8 days ago (Editorial)
Troubled US Treasury-owned lender Ally Financial said Monday its was placing its mortgage unit into bankruptcy protection as the government seeks to reduce loss risks from a major $17 billion crisis-era bailout.
Ally Financial's mortgage unit nears bankruptcy: sources
Posted by mortgage 8 days ago (Editorial)
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage business but also spur drawn-out legal fights. The board of ResCap is scheduled to meet later on Sunday and a pre-arranged bankruptcy filing, where Ally has
Bank of the West Sees Rise in Mortgage Applications from HARP 2.0
Posted by mortgage 8 days ago (Editorial)
SAN FRANCISCO, May 14, 2012 /PRNewswire/ -- Bank of the West has seen a rise in mortgage loan applications since April as homeowners seek to take advantage of low interest rates under the government's ...
Four in East Bay senior home mortgage fraud scheme receive prison sentences
Posted by mortgage 9 days ago (Editorial)
Four people involved in a mortgage loan fraud scheme centered in central Contra Costa involving at least 20 properties and more than $20 million in loans were sentenced Thursday to between 18 and 30 months in prison.
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