Rescap Liquidating Trust
RESCU
Other OTC- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 8400 Nomandale Lake Boulevard Minneapolis MN United States of America 55437
- IPO Date
- Jan 8, 2021
- Website
- rescapliquidatingtrust.com
- Similar Companies
- Business
- Rescap Liquidating Trust (Ticker: RESCU) serves as a statutory trust established to oversee the orderly liquidation and distribution of residual assets from Residential Capital, LLC (ResCap), the former mortgage origination and servicing subsidiary of Ally Financial Inc. The trust manages claims resolution, litigation recoveries, and asset sales related to ResCap's historical residential mortgage lending activities, including subprime, Alt-A, and prime loan portfolios; correspondent lending programs; and mortgage servicing operations. It distributes net proceeds primarily to holders of beneficial interests, which include Ally Financial as the primary beneficiary and certain excess fee trusts. Headquartered in Minneapolis, Minnesota, the trust was formed in 2012 following ResCap's Chapter 11 bankruptcy filing in May 2012, with confirmation of the Third Amended Joint Chapter 11 Plan of Reorganization on December 11, 2013. Operations focus exclusively on wind-down activities within the U.S. financial services sector, targeting mortgage-related creditor claims and investor distributions without ongoing business development. There are no subsidiaries or active parent relationships beyond Ally Financial's beneficial interest. In recent developments, the trust achieved substantial completion of its liquidation mandate, with final distributions to certificate holders occurring in 2023, marking the near-conclusion of over a decade of asset realizations totaling approximately $10 billion in recoveries from loan sales, servicer advances, and settlements with monoline insurers and other counterparties. Key milestones within the last two years include the settlement of legacy repurchase claims and litigation against originators, as well as the termination of servicing rights transfers; no new partnerships, acquisitions, or product launches have occurred as the entity enters terminal wind-down phase ahead of anticipated dissolution.