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Corporate Credit Unions

NCUA Fights For $300 Million WesCorp Claim In Giant ResCap Bankruptcy

FEB 20, 2013 10:58am ET

NEW YORK NCUA has asked a federal bankruptcy court in the huge Residential Capital Chapter 11 bankruptcy to expedite more than $300 million of claims related to the 2009 collapse of WesCorp FCU, one of dozens of investors in mortgage-backed securities issued by the one-time subprime mortgage subsidiary of...

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