ResCap Estate Enters into Plan Support Agreement
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Entry into this settlement, which is subject to
Like many others in the mortgage industry, ResCap faced considerable regulatory and litigation exposures. ResCap, then the fifth-largest servicer of residential mortgage loans in
Management's careful planning and skilled execution preserved the value of ResCap's origination and servicing platforms, and led to successful bankruptcy asset sales to
The settlement was reached as part of a mediation process among ResCap, its creditors and Ally, and through the tireless and thoughtful efforts of the Honorable
ResCap's Board of Directors acknowledges the leadership and wise counsel of
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