WMC Mortgage
Latest Posts
GE’s subprime lender WMC Mortgage files for Chapter 11 bankruptcy HW+
Apr 24, 2019General Electric is moving closer to putting its failed attempt to capitalize on the subprime lending boom into its rearview mirror. Earlier this month, GE agreed to pay a fine of $1.5 billion as part of a settlement with the Department of Justice over the pre-crisis lending activities of the company’s shuttered subprime lending unit, WMC Mortgage. And this week, WMC Mortgage filed for Chapter 11 bankruptcy.
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GE to pay $1.5 billion fine over WMC Mortgage subprime loans HW+
Apr 12, 2019 -
GE claims it reached $1.5 billion settlement with DOJ over WMC subprime loans HW+
Jan 31, 2019 -
GE books $1.5 billion for potential settlement with DOJ over WMC subprime loans HW+
May 07, 2018 -
Former WMC CEO Leads Acquistion of “High-Touch” Special Servicer HW+
Sep 23, 2008 -
Friday Night, Lights Out — Fitch Downgrades $5.3 Billion in RMBS HW+
Dec 21, 2007
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