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Following the bankruptcy declaration, "tens of thousands of U.S. businesses and consumers" lost access to Synapse's services, leaving questions as to the location of funds. [ 3 ] [ 5 ] [ 7 ] In May 2024, former FDIC Chair Jelena McWilliams , appointed as bankruptcy trustee, said there was a “shortfall” between Synapse’s records and those ...
In February 2019, Ditech filed for bankruptcy for the second time in as many years. [25] Later that year, the company's forward mortgage servicing and originations business Ditech Financial LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets ...
Chapter 13 bankruptcy: Chapter 13 allows a distressed debtor who has regular income, and total secured and unsecured debt of no more than $2,750,000, to maintain control of their assets while ...
In the spring of 2007, New Century ran into financial difficulties, and trading of its stock on the NYSE was halted. On April 2, 2007, it filed for Chapter 11 bankruptcy. [4] In July 2010, three officers of the company agreed to pay $90 million in settlements and were barred from serving as directors of public companies for five years. [5]
The November bankruptcy filing leaves at least 15 EMS agencies across the state in financial distress and endangers the availability of emergency services for Michiganders in the eastern U.P.
Stearns Lending, LLC was an American wholesale, retail, and correspondent lender. Founded in 1989, it grew until it became the fifth-largest privately held lender in the US in 2013. [2] [3] [4] The company declared bankruptcy in 2019 and was acquired by Guaranteed Rate two years later.
GMAC ResCap, Inc., earlier Residential Funding Company LLC and Residential Capital Corporation, was a residential mortgage loan originator and servicer based in Minneapolis, Minnesota. It was a subsidiary of GMAC (now Ally Financial).
Alrena Dale, 61, got $155,000 in student loans discharged through bankruptcy. Biden's new bankruptcy guidance, aimed at easing the process for borrowers, made that possible. Some attorneys told BI ...
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