Julián Castro sworn in, spends first day as HUD Secretary

Julián Castro sworn in, spends first day as HUD Secretary

Former San Antonio mayor takes over for Shaun Donovan

Blackstone adviser: Investors worried about ‘serious correction’

Byron Wien still holds his line

It’s official: Zillow will own Trulia

"Better agents make for better advertisers"
W S
Lending / The Ticker

ResCap mortgage settlement green-lighted

Gavel on desk
/ Print / Reprints /
| Share More
/ Text Size+

Another mortgage settlement took a step closer to completion this week, with bankrupt Residential Capital LLC receiving final approval from a New York bankruptcy judge to proceed with a proposed settlement involving mortgage borrowers associated with the company.

The settlement would reduce an original $1.9 billion claim to $300 million, according to a report published this week.

Per Law360:

U.S. Bankruptcy Judge Martin Glenn signed off on the accord after language was added to the document to placate PNC Bank NA, which worried that the deal could interfere with its rights in a related multidistrict litigation pending in Pennsylvania federal court.

Source: Law360
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus