ResCap asks a judge for for another 9 months (past the current due date of Sept. 11) with which...
ResCap asks a judge for for another 9 months (past the current due date of Sept. 11) with which to file a bankruptcy plan. A battle royal is underway - between Berkshire (BRK.B) and Nationstar (NSM), among others - for the mortgage servicing assets of ResCap. Nationstar is off 10% over the past few sessions as perhaps its confidence in winning and closing the deal by January is misplaced.
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