Origination/Lending

ResMAE Says Exits Chapter 11

By: PAUL JACKSON
June 18, 2007

ResMAE Mortgage Corp., one of the largest subprime lenders during the recent housing boom, announced Friday afternoon that is has successfully exited the Chapter 11 bankruptcy reorganization process.

ResMAE filed for bankruptcy protection in February and announced an agreement to sell certain assets of the company to affiliates of Citadel for $180 million in March.


Get your HW Fix

Join more than 3,000 bold subscribers who already get HW's daily email delivered to their inbox -- it's free, and a great way to ensure you don't miss something.

Events

2008 Aug 12

Western States Loan Servicing Conference

Annual servicing industry conference hosted by the CMBA; usually well attended on a national level.

2008 Aug 23

Executive Summit on Mortgage Fraud

High-level conference focused on quantifying and managing mortgage fraud. Speakers to include execs from OFHEO, FBI, Fannie, Freddie.

2008 Sep 10 -- 2008 Sep 12

USFN Fall Default Servicing Seminar

Well-attended twice-yearly event series for servicers; closed event for USFN members and invited servicers only.

2008 Sep 17

Five Star Conference

Default and REO industry conference, hosted by trade publication DS News. Heavily attended by REO agents.

2008 Oct 19

MBA Annual Convention & Expo

The annual conference for MBA members and affiliates, and the largest industry event each year.