ResCap trust posts $229.19 million of liquidation assets as of June 30

By Angela McDaniels

Tacoma, Wash., Aug. 17 – ResCap Liquidating Trust reported $229.19 million of net assets in liquidation as of June 30, according to a report released Wednesday.

In comparison, the trust had $129.14 million of net assets in liquidation as of Dec. 31, 2015.

The trust had $568.9 million of total assets and $339.72 million of total liabilities at June 30, including $28.14 million of claims and settlements.

Cash and cash equivalents at June 30 were $190.73 million.

Also, the trust listed $144.96 million of total receipts for the year through June 30.

Residential Capital, a New York-based mortgage originator and servicer, emerged from bankruptcy on Dec. 17, 2013.

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