Industry News

Subprime lender rises from the ashes

ResMAE's assets acquired for $22 million
Published on Jun 18, 2007

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by CareyBot

Subprime lender ResMAE Mortgage Corp. has emerged from Chapter 11 bankruptcy protection as a wholly owned subsidiary of RMC Mortgage Holdings. ResMAE, which filed for bankruptcy protection in February, announced March 6 that the company had reached an agreement on ...

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