ResMae Emerges From Ch. 11

Published June 18, 2007, 2:00 p.m. EDT

1 Min Read

ResMae Mortgage Corp., Brea, Calif., has announced its emergence from Chapter 11 bankruptcy proceedings as a wholly owned subsidiary of RMC Mortgage Holdings.The wholesale mortgage lender said its restructuring has "refocused its sales efforts" to boost production and improve broker relationships, provided for greater efficiency and service in its origination process, and "strengthened the credit review process to increase overall loan quality." ResMae entered Chapter 11 bankruptcy in February, and later announced an agreement to sell certain assets to affiliates of Citadel Investment Group LLC. The affiliates included RMC Mortgage. ResMae can be found on the Web at http://www.resmae.com.

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