Ditech Holdings Booted From NYSE As Financial Troubles Persist At the Once Bankrupt Mortgage Servicer
Things aren’t going well at Ditech Holdings. The New York Stock Exchange has booted the mortgage servicer formerly known as Walter Investment Management.
Ditech Holdings emerged from Chapter 11 bankruptcy in February after eliminated $800 million in corporate debt. The company also officially changed its name to Ditech Holdings.
That came at the end of a long string of financial losses which was the result of the company’s revolving door of CEOs.
But none of that was enough to stem the tide.
Read more at MFI-Miami