Michael A. Carpenter, GMAC Inc.'s newly installed chief executive, says his top priority is to stop its troubled mortgage unit from dragging down the rest of the $178 billion-asset company. Carpenter, ...

It’s not over for bankrupt mortgage company ResCap, as famous shortseller John Paulson joins the game and bets big on the company. That left enough business for Paulson to have huge hope in the ...

Residential Capital, the bankrupt mortgage company, won more time to file an exclusive plan to reorganize while it attempts to settle a dispute between creditors and parent Ally Financial. By the end ...

The judge overseeing Residential Capital LLC’s bankruptcy case approved a probe of deals the mortgage company cut with parent Ally Financial Inc. and others before it sought court protection from ...

GMAC’s home-lending unit, Residential Capital, LLC, known as ResCap, posted a $651 million operating loss in the fourth quarter of 2006, compared to $118 million in earnings during the prior-year ...

When Residential Capital LLC filed a plan of reorganization Thursday, it moved a giant step closer to exiting bankruptcy—and to ending what has been a lucrative assignment for a bevy of firms, ...

Residential Capital LLC, the mortgage lending unit of U.S. government-owned Ally Financial Inc , has filed a bankruptcy reorganization plan that calls for unsecured creditors to recover 36.3 cents on ...

MINNEAPOLIS -- GMAC LLC said Wednesday it completed a more than $60 billion refinancing and funding package aimed at improving the liquidity of its struggling subsidiary, mortgage lender Residential ...

OMAHA, Neb. (AP) — Warren Buffett's company won the auction for Residential Capital's loan portfolio with a $1.5 billion bid this week. That means the conglomerate Berkshire Hathaway Inc. will acquire ...

On May 25, 2012, Residential Capital LLC (“ResCap”) filed a complaint in United States Bankruptcy Court for the Southern District of New York seeking declaratory and injunctive relief to extend the ...

Residential Capital LLC Chief Executive Thomas Marano has resigned as the mortgage subsidiary of auto lender Ally Financial Inc works its way out of bankruptcy. Marano, who joined ResCap in 2008, will ...

WASHINGTON (AP) — Mortgage lender Residential Capital LLC is paying about $198 million to settle federal complaints that it wrongfully foreclosed on homeowners. The Federal Reserve announced the ...