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April 18, 2015 5:41 PM ET

Thrifts and Mortgage Finance

Company Overview of Residential Capital, LLC

Company Overview

On December 17, 2013, Residential Capital, LLC went out of business as per its Chapter 11 liquidation filing under bankruptcy. Residential Capital, LLC, a real estate finance company, focuses on the residential real estate market in the United States. It offers services to U.S. residential finance industry. The company provides origination and servicing of mortgage loans, and securitization on the secondary market. The company through its subsidiary, GMAC Mortgage LLC, originates and services residential mortgages under the GMAC Mortgage and ditech brand names. It also provides capital to other originators of mortgage loans. The company was incorporated in 2004 and is headquartered in Minnea...

One Meridian Crossings

Minneapolis, MN 55423

United States

Founded in 2004

Phone:

952-857-8700

Fax:

952-918-3000

Key Executives for Residential Capital, LLC

Residential Capital, LLC does not have any Key Executives recorded.

Residential Capital, LLC Key Developments

Residential Capital, LLC Announces Resignation of Tom Marano as CEO

Residential Capital, LLC announced the resignation of Thomas Marano as CEO of the company. Marano joined the company in August 2008. From 2008 to 2011, Marano implemented a significant restructuring of ResCap's servicing and origination business, which required the disposition of various non-strategic foreign and domestic business lines and portfolios. During his tenure, ResCap was a leader in facilitating mortgage modifications for troubled borrowers. Nearly 1 million homeowners received mortgage modifications, and ResCap originated approximately $200 billion in new residential mortgage loans.

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