What Company took ditech mortgage?
In March 2013, Ditech was acquired by Walter Investment Management Co. from Ally Financial, the former GMAC ResCap. Following the acquisition, Ditech used the name of Walter’s Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons.
What is ditech now?
Ditech Financial, previously known as Walter Investment Management, is now owned by New Residential Investment, a mortgage company which purchased reverse mortgage solution provider Reverse Mortgage Solutions from Mortgage Assets Management a day before.
Is ditech now Newrez?
(NYSE: NRZ, “New Residential”, the “Company”) announced today that it has entered into a “stalking horse” Asset Purchase Agreement (the “APA”) with Ditech Holding Corporation (“Ditech”) and Ditech Financial LLC (“Ditech Financial”) to purchase substantially all of the forward assets of Ditech Financial.
Who bought ditech 2020?
Walter Investment Corporation (WAC), also known as Ditech Mortgage Corp, announced that Green Tree Company is being combined with one of the company’s highly regarded subsidiaries, ditech.
What is going on with ditech mortgage?
The sell-off of Ditech Holding’s two main subsidiaries is now complete. Just one day after selling Reverse Mortgage Solutions to Mortgage Assets Management, the nonbank formerly known as Walter Investment Management sold off its forward mortgage business Ditech Financial to New Residential Investment for $1.2 billion.
How do I get 1098 from ditech?
What do I do if I need IRS Form 1098 or other tax documents from Ditech? Contact your new servicer and they will have copies of all applicable tax documents previously produced by Ditech. Ditech will not provide copies of tax documents for loans that have been transferred.
Where is Ditech Financial located?
Fort Washington, PA
Company Description: Ditech Financial LLC is located in Fort Washington, PA, United States and is part of the Activities Related to Credit Intermediation Industry.
Where is ditech mortgage located?
Company Description: Ditech Financial LLC is located in Fort Washington, PA, United States and is part of the Activities Related to Credit Intermediation Industry.
Who owns Ditech Financial LLC?
Ditech Holding CorporationDitech / Parent organization
Does Ditech do reverse mortgages?
And ditech has a reverse mortgage business via subsidiary Reverse Mortgage Solutions, Inc. if you’re 62 and older and not into making a mortgage payment every month. The advertised mortgage rates on their website tend to require credit scores of 720+ and low LTV ratios like 70% max.
What is Ditech’s co-branding strategy?
In May 2014, Ditech launched a co-branding and joint-venture initiative with more than 600 institutional partners that provide mortgage and refinance loans to their customers. The strategy encompasses direct consumer lending and correspondent lending. Institutional partners can price, lock and deliver individual loans through the Ditech website.
Is Ditech owned by General Motors?
In 2005, DiTech was organized as a business unit of Residential Capital, LLC (often referred to as “ResCap”), which controlled mortgage-related subsidiaries owned by General Motors Corporation. Ditech pioneered 125 percent loans that allowed mortgage loan applicants to borrow more than properties were worth.
What happened to Ditech finance?
Later that year, the company’s forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets Management LLC. ^ a b “ditech”. Facebook. Retrieved 25 September 2014.