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ResCap Board of Directors Approves Bid by Ocwen and Walter Investment for Sale of Mortgage Servicing and Origination Platform Assets

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ResCap Board of Directors Approves Bid by Ocwen and Walter Investment for Sale of Mortgage Servicing and Origination Platform Assets Powered By Docstoc
					
				
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posted:10/24/2012
language:Japanese
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Description: NEW YORK--(BUSINESS WIRE)--The ResCap Board of Directors has given its preliminary approval of the bid by the team of Ocwen Loan Servicing, LLC and Walter Investment Management Corp. of $3 billion as the highest and best bid for ResCap’s mortgage servicing and origination platform assets. The sale approval hearing before the Bankruptcy Court will commence on November 19, 2012. ResCap will continue to work with all parties involved to ensure the best possible outcome for its creditors and other s a style='fon
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