trending Market Intelligence /marketintelligence/en/news-insights/trending/netha7mg53f_7ae9-aql7w2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: Wells Fargo settles with Residential Capital over bad loans

Street Talk Episode 41 - How to Win the Funding Battle, Use Fintech to Play Offense

Forward Spark Spreads Suggest Rising Profitability Of US Renewables As Sector Matures

MA Activity The Big Story In Mature Online Video Platform Market

Martina Cheung Backs The Quality Program


Report: Wells Fargo settles with Residential Capital over bad loans

Wells Fargo & Co. and the trust liquidating Residential Capital LLC struck a deal over mortgages the bank sold the now-bankrupt subprime lender, The Wall Street Journal reported, citing "people familiar with the matter."

The settlement relates to real estate loans that Residential Capital claimed helped push the firm into bankruptcy. The details of the settlement were not disclosed.

The trust's recoveries totaled $237 million as of Nov. 9. The Journal reported that through settlements, the trust has recovered almost $400 million, citing "people familiar with the matter."

A Wells Fargo spokeswoman declined to comment on the news, the article added.