Ditech
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Ditech says its reverse mortgage business is unprofitable
Apr 17, 2019Aware that sweeping regulatory changes would likely send the reverse mortgage business into a tailspin, Ditech – then named Walter Investment Management – shut down the HECM origination channel of its subsidiary, Reverse Mortgage Solutions, in 2017. But the company has continued to service reverse mortgages, and it’s not going well. According to a report filed Tuesday with SEC, Ditech’s reverse mortgage business is operating at a sizable loss – and this trend isn’t likely to turn around anytime soon.
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Ditech shuttering Minnesota office, laying off more than 200 employees
Apr 04, 2019 -
Who would dare buy Ditech’s reverse mortgage servicing business?
Feb 20, 2019 -
Ditech files for Chapter 11 bankruptcy for second time in 14 months
Feb 11, 2019 -
Ditech runs into trouble with creditors; boots COO after just 9 months
Jan 18, 2019 -
Fortunes reverse as Ditech servicing now props struggling mortgage lending
Nov 15, 2018 -
How the mighty have fallen: Ditech booted from the New York Stock Exchange
Nov 07, 2018 -
Tavant Technologies integrates with Homestar Financial Corporation
Sep 25, 2018 -
Ditech Financial to close South Dakota call center
Aug 16, 2018 -
Mortgage lender Ditech partners with Tavant Technologies for digital solution
Jul 31, 2018 -
More trouble for Ditech? Company now exploring “strategic alternatives”
Jun 28, 2018 -
Ditech Holding Corp. names Thomas Marano CEO and president
Apr 18, 2018
