GE Capital's defunct subprime shop files Chapter 11

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GE Capital's defunct subprime shop files Chapter 11

Alexander Saeedy
April 23, 2019 10:30 PM
Crisis Fotolia right side

WMC Mortgage LLC, the subprime mortgage origination shop owned by GE Capital since 2004, has officially filed for a Chapter 11 reorganization as its parent company attempts to restructure the business and move past legacy costs tied to the financial crisis.

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Alexander Saeedy
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