Judge Approves $23M New Century Loan Sale
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved the purchase agreement Friday. Under the agreement, RMS will pay New Century $23.33 million for 214 loans with unpaid balances totaling almost $45 million.
RMS will also take over servicing of the purchased loans. New Century’s current...
To view the full article, register now.