Ocwen, Walter win bankruptcy auction for ResCap unit - Reuters

10/24/12


Fortune

Ocwen, Walter win bankruptcy auction for ResCap unit
Reuters
(Reuters) - A team of Ocwen Financial Corp (OCN.N) and Walter Investment Management Corp (WAC.A) won a $3 billion bankruptcy auction for a unit of Residential Capital LLC that collects mortgage payments from customers, ResCap said on Wednesday.
Ocwen Said to Win $3 Billion Rescap Bankruptcy AuctionBusinessweek
Ocwen Wins ResCap Auction With $3 Billion BidWall Street Journal
Ally mortgage servicing unit OKs $3B buyout offerCBS News
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