ResCap Borrowers Take $1.6B Haircut In Mortgage Settlement

By Kat Greene · August 23, 2013, 9:23 PM EDT

A putative class of borrowers who took out mortgage loans from Residential Capital LLC agreed to a $1.6 billion haircut on their claims the lender had breached federal laws against high-cost...

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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