Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending / The Ticker

Berkshire Hathaway slows ResCap bankruptcy, wants probe

/ Print / Reprints /
| Share More
/ Text Size+

Berkshire Hathaway requested this week that a court appoint an independent examiner to probe into Residential Capital LLC's bankruptcy. Specifically, Warren Buffet's investment firm wants to investigate transactions between the mortgage lender and its parent company, Ally Financial.

Berkshire Hathaway is a major ResCap creditor.

ResCap, the mortgage subsidiary of Ally Financial, drew Berkshire Hathaway's ire in bankruptcy court over allegations from Berkshire that the ResCap bankruptcy contained improper transactions.  

Click here to read more.

Recent Articles by HousingWire Staff

Comments powered by Disqus