ResMae Mortgage Corp., a Brea, Calif., subprime lender, said it has filed for protection from creditors under Chapter 11 of the federal Bankruptcy Code and agreed to sell some assets to Credit Suisse Group.
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The asset sale is subject to bankruptcy court approval, ResMae said. The price was not disclosed.
The closely held ResMae is owned in part by a joint venture of the Boston buyout firm Thomas H. Lee Partners LP and Putnam Investments. Credit Suisse, based in Zurich, is Switzerland's second-biggest banking company.
