Fannie Won't Block $3B Rescap Sale After $298M Settlement

By Max Stendahl · January 24, 2013, 12:35 PM EST

Fannie Mae agreed Wednesday to withdraw its objection to bankrupt Residential Capital LLC's proposed $3 billion sale of its mortgage servicing and origination platform to Ocwen Financial Corp., after the parties...

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Case Information

Case Title

Residential Capital, LLC

Case Number

1:12-bk-12020

Court

New York Southern

Nature of Suit

Date Filed

May 14, 2012