Ocwen's regulatory burdens send up red flags and drive down stock price

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

4 factors weighing down housing in the second half of 2014

Will housing collapse?
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