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RESCAPRescue Combat Air Patrol
RESCAPResource Capabilities Discovery
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Merrill Lynch, Lehman Brothers, GMAC-RFC (ResCap), Countrywide and Morgan Stanley have all built significant market share (initially through acquisitions) in the United Kingdom, particularly in the nonprime mortgage market.
Thus, Countrywide and ResCap (the parent company of GMAC Residential Holding Corporation and Homecomings Financial) have made steps to transform into diversified financial services companies by adopting bank charters--leaving PHH Mortgage as the only mortgage company among the top 15 servicers that is not affiliated with a banking institution.
Rescap liquidates and distributes assets of the debtors in the ResCap bankruptcy case.
As CEO, Marano led ResCap's restructuring process which resulted in a favorable outcome for all of its stakeholders.
ownership of ResCap. The upgrade also reflects the improved quality of
26 October 2012 - US mortgage servicer Residential Capital LLC (ResCap) said Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK.A) had emerged as the winner of a bankruptcy auction for its loan portfolio with a bid of USD1.5bn (EUR1.2bn).
Most of GMAC's MBS securitization activities were done by its subsidiary Residential Capital LLC (ResCap).
The Skyraider excelled in armed reconnaissance and rescue combat air patrol (RESCAP) missions.
Monteith JL, Huda AKS, Midya D (1989) RESCAP: a resource capture model for sorghum and pearl millet.
He has earlier held senior executive positions in finance at GMAC Residential Funding of Canada, Rescap and JP Morgan Chase (NYSE: JPM).
GMAC has been particularly affected by the global credit squeeze and subprime lending, as it had become a major player in mortgage lending through its Residential Capital (ResCap) division.