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ResCap marks $239.07 million December net loss; net revenues increase
By Caroline Salls
Pittsburgh, Jan. 28 - Residential Capital, LLC posted a net loss of $239.07 million for December on total net revenues of $102.59 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compared to the $52.22 million net loss reported for November on total net revenues of $71.93 million.
The company also reported cash and cash equivalents of $1,630,213,000 as of Dec. 31, up from $1,551,752,000 at the end of November.
Residential Capital, a New York-based mortgage originator and servicer, filed for bankruptcy on May 14, 2012. Its case number is 12-12020.
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