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Monday, August 13, 2007

Aegis Mortgage files BK

by Calculated Risk on 8/13/2007 09:08:00 PM

From Reuters: Aegis Mortgage files for Chapter 11 bankruptcy

Aegis has described itself as one of the 30 largest U.S. mortgage lenders. It made "prime" and "Alt-A" wholesale loans, and "subprime" retail and wholesale loans to residential borrowers who couldn't qualify for the best rates.

In court papers, Aegis listed more than $100 million of assets, and estimated it owes more than $600 million to creditors. The latter included $178 million of unsecured debt owed to Madeleine LLC, a Cerberus affiliate that has an 80.9 percent equity stake, the papers show.
I wonder who the other creditors are? Anyone have a link to the documents?