Items Tagged with 'Capmark Financial Group'

ARTICLES

  • Capmark Negotiating Mortgage Unit Sale to Stave Bankruptcy

    Capmark Financial Group said it is taking steps to restructure its businesses, including commercial real estate financing and servicing, to avoid a potential Chapter 11 bankruptcy filing. After losing $1.6bn in Q209, Capmark acknowledged "the outcomes of such restructuring may include reorganization under chapter 11 of the US Bankruptcy Code."
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  • Capmark Nursing Homes Default, US Sues

    The latest effort by US officials to crack down on costly mortgage fraud culminated in a lawsuit Tuesday after two federally-guaranteed mortgage defaults cost the government almost $26m. The US Justice Department filed suit against California-based mortgage lender Capmark Finance, seeking treble damages and penalties. The charges, filed in the US District Court in Los Angeles, alleges Capmark made false statements on applications for federal mortgage insurance covering residential nursing homes.
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