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.
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The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”
The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.