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May 15, 2012

Philly.com News: Former subprime lender ResCap files for Ch. 11

Philly.com News
News from the Inquirer and Daily News.
Former subprime lender ResCap files for Ch. 11
May 15th 2012, 07:14

Residential Capital L.L.C., which was a big subprime mortgage lender and still employs 1,385 in Fort Washington, filed for bankruptcy protection in New York on Monday.

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