Resmae Files for Bankruptcy - Mortgage Forums for Mortgage Brokers

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Resmae Files for Bankruptcy

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02-13-2007, 02:00 PM

Veronica Corningstone Veronica Corningstone is offline

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Resmae Files for Bankruptcy

Resmae Mortgage Corp. has filed voluntarily filed a petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code, according to an announcement Tuesday. The company also announced it reached an agreement with an investment banker to buy some of its assets. That agreement calls for the creation of a post petition warehouse line.

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« Fraud Fuels Early Defaults | Another subprime lender, ResMAE, files for bankruptcy (MarketWatch) »

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