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Residential Capital, LLC

 

Officers and directors

Thomas (Tom) Marano
Chairman and CEO

Address

1 Meridian Crossings.
Minneapolis, MN 55423
USA
+1-952-857-7000 (Phone)
952-918-3000 (Fax)

Website links

Residential Capital (ResCap) is the holding company for most of the residential mortgage operations of Ally Financial, the lending arm of auto maker General Motors (GM). The company originates, services, and securitizes mortgage loans in the US and abroad. It also issues mortgage- and asset-backed securities and provides lines of credit to other residential mortgage writers. ResCap's Business Capital group provides financing to residential land developers and homebuilders, as well as to resort developers. The company originates loans through its direct network under the GMAC Mortgage and ditech brands. Rescap filed for Chapter 11 bankruptcy protection in May 2012.

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