Bankruptcy
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GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy
Apr 24, 2019General Electric is moving closer to putting its failed attempt to capitalize on the subprime lending boom into its rearview mirror. Earlier this month, GE agreed to pay a fine of $1.5 billion as part of a settlement with the Department of Justice over the pre-crisis lending activities of the company’s shuttered subprime lending unit, WMC Mortgage. And this week, WMC Mortgage filed for Chapter 11 bankruptcy.
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Wells Fargo to pay $13 million to settle claims of improperly modifying bankrupt borrowers’ mortgages
Mar 20, 2019 -
Ditech files for Chapter 11 bankruptcy for second time in 14 months
Feb 11, 2019 -
SunTrust back in compliance with National Mortgage Settlement servicing rules
Jun 05, 2018 -
CFPB giving servicers “more latitude” in dealing with borrowers in bankruptcy
Mar 08, 2018 -
Walter Investment emerges from Chapter 11, changes name to Ditech Holding Corp.
Feb 09, 2018 -
Walter Investment reveals new date for bankruptcy exit, name change
Feb 07, 2018 -
Walter Investment will stay in bankruptcy a little longer than expected
Jan 31, 2018 -
Walter Investment bankruptcy plan approved by court
Jan 18, 2018 -
Walter Investment files for Chapter 11 bankruptcy
Dec 01, 2017 -
Disappearing bankruptcies could start new wave of homebuying
May 30, 2017 -
U.S. Bank fined $15 million for bankruptcy filing violations
Apr 25, 2017
