Company Information

Get to know residential capital corporation

Residential Capital, LLC (ResCap) was a wholly-owned subsidiary of Ally Financial Inc. (formerly GMAC). It was a leading originator, servicer, and securitizer of residential mortgage loans in the U.S. During the housing boom, ResCap became one of the largest subprime lenders. The company was severely impacted by the 2008 financial crisis due to massive losses on its mortgage portfolio and obligations related to mortgage-backed securities it had sold. Facing overwhelming lawsuits and regulatory pressure related to faulty foreclosures and misleading investors, ResCap filed for Chapter 11 bankruptcy in May 2012. The company's assets were subsequently sold off, and it was wound down in a liquidation plan confirmed in December 2013.

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residential capital corporation

United States

Founded in

2004 (22 Years)

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Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.