BANGALORE, June 3 (Reuters) - Residential Capital LLC said on Tuesday that parent GMAC LLC and private equity firm Cerberus Capital Management LP had agreed to inject more than $1.4 billion to help ...

Ally Financial Inc.'s troubled mortgage subsidiary filed for Chapter 11 bankruptcy early Monday, potentially paving the way for Ally to sever itself from substantial litigation that has been a drag on ...

As the committee explains in its filing, ResCap has agreed to cede control of litigation against Ally to the creditors. Normally, this kind of fraud claim in a Chapter 11 bankruptcy would belong to ...

GMAC LLC announced Friday that it intends to exchange unit Residential Capital's bonds for most or all of ResCap's nonvoting stake in IB Finance Holding Co., the parent of GMAC Bank's parent company.

When Residential Capital LLC filed a plan of reorganization Thursday, it moved a giant step closer to exiting bankruptcy—and to ending what has been a lucrative assignment for a bevy of firms, ...

NEW YORK (AP) — A bankruptcy court has approved a joint $3 billion buyout bid from Ocwen Loan Servicing and Walter Investment Management for Residential Capital. The court also approved the sale of ...

NEW YORK (AP) -- Fitch Ratings lowered the long-term issuer default ratings for Residential Capital on Tuesday, a day after Ally Financial's troubled mortgage business filed for Chapter 11 bankruptcy ...

The Securities and Exchange Commission is investigating what it characterizes as possible fraud by the bankrupt mortgage subsidiary of Ally Financial Inc. in the sale of mortgage-backed securities.

OMAHA, Neb. (AP) — Residential Capital has completed the sale of a portfolio of mortgage loans to Berkshire Hathaway Inc. Warren Buffett’s company won the bankruptcy auction for ResCap’s loan ...

NAPLES, Italy, Aug. 9, 2022 /PRNewswire/ -- The ResCap Liquidating Trust (the "Trust") announced its unaudited Consolidated Financial Statements, as of and for the period ended June 30,2022, along ...

The judge overseeing Residential Capital LLC’s bankruptcy case approved a probe of deals the mortgage company cut with parent Ally Financial Inc. and others before it sought court protection from ...