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ResCap Sets Aside $12.3M For Ambac's Sale Challenge

By Brian Mahoney ( February 19, 2013, 6:15 PM EST) -- Residential Capital LLC told a New York bankruptcy court Friday that it had agreed to reserve up to $12.3 million for a potential settlement to satisfy Ambac Assurance Corp.'s objections to the sale of its mortgage loan origination and servicing platforms to Ocwen Financial Corp....

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