Residential Capital (ResCap) won court approval to sell its mortgage-servicing unit to Ocwen Financial for $3 billion after putting off a fight with loan investors and resolving other objections.

U.S. Bankruptcy Judge Martin Glenn in Manhattan said he will sign an order as early as Tuesday approving the sale after the company works out the final wording with creditors.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.