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ResCap sues AIG, Allstate due to repayment priority

Residential Capital sued AIG Asset Management, Allstate Insurance Co.and other mortgage- bond buyers to prevent them from collecting money ahead of other creditors in the company’s bankruptcy.

 

 

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Ginnie Mae President Alanna McCargo to resign 

Alanna McCargo announced her resignation from the top post at Ginnie Mae effective May 3

3d rendering of a row of luxury townhouses along a street

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