Residential Capital, the unprofitable subprime mortgage company whose parent Ally Financial is trying to repay a U.S. government bailout, filed for bankruptcy and plans to sell most of its assets to Fortress Investment Group.
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Residential Capital seeks Chapter 11 protection
Posted by mortgage 6 days ago (Editorial)
Residential Mortgage seeking Chapter 11 protection
Posted by mortgage 9 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?s Residential Capital Files for Bankruptcy Protection
Posted by mortgage 9 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.
MIFSP Announces the First All-American Consumer Financial Protection Challenge
Posted by mortgage 64 days ago (Editorial)
ATLANTA, GA-- - The Consumer Financial Protection Challenge is not about what your government can do for you, but what you can do today to improve your access to information and tools that enable you to ...
Get Protection Against Higher Interest Rates with BMO's 10-Year Fixed Low-Rate Mortgage-Lock-in Today for Ten Years of ...
Posted by mortgage 70 days ago (Editorial)
TORONTO, ONTARIO-- - With recent signals from the Bank of Canada suggesting interest rates may begin to climb next year, BMO's new 10-year fixed low-rate mortgage at 3.99 per cent provides existing and ...
Home Value Protection Insurance Expands Into Oklahoma
Posted by mortgage 92 days ago (Editorial)
Home Value Protection, the only insurance policy in the U.S. that protects homeowners from the devastating impact of declining home prices, becomes available to Oklahoma homeowners this week.
Homeowners face mortgage protection risk
Posted by mortgage 134 days ago (Editorial)
TENS of thousands of home owners may be under-insured on their mortgage protection with 20% of mortgage holders leaving their families open to thousands of euro of legacy debt.
Consumer Protection Bureau Working With Banks: Cordray
Posted by mortgage 137 days ago (Editorial)
The new head of the Consumer Financial Protection Bureau said he is working with bankers - including critic Jamie Dimon - to level the playing field between the banks and the unregulated brokers in the wake of the subprime mortgage crisis.
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