Reverse Mortgage Solutions Sale Could Leave Seniors Abandoned

Bank of America Warns Ditech's Sale of Reverse Mortgage Solutions Could Leave Seniors Abandoned Ditech Holdings announced last month that it had entered into an agreement to sell Reverse Mortgage Solutions. Ditech is selling the reverse mortgage unit as part of its bankruptcy restructuring. However, Bank of America is objecting to the sale. Bank of … Continue reading Reverse Mortgage Solutions Sale Could Leave Seniors Abandoned

Ditech Customers Win Major Victory In Ditech Bankruptcy

Ditech Customers Win Protections in Ditech bankruptcy As Ditech Promises To Fight Back Ditech customers won a major victory in the long and winding saga of Ditech’s bankruptcy. The bankruptcy Trustee granted a request to create a committee to protect consumer interests in the proceedings. The Trustee's decision riled Ditech's attorneys. As a result, they … Continue reading Ditech Customers Win Major Victory In Ditech Bankruptcy

Reverse Mortgage Solutions Fraud Victims Sue Ditech

Reverse Mortgage Solutions Fraud Victims Want Protections In Ditech Bankruptcy Chicago area mortgage broker scammed 125 Chicago area seniors in a reverse mortgage fraud scheme involving RMS. Victims of a Reverse Mortgage Solutions fraud scheme want their money and they want their voices heard. They are concerned that the bankruptcy of RMS's parent company Ditech … Continue reading Reverse Mortgage Solutions Fraud Victims Sue Ditech

Ditech Alert: Ditech Files Bankruptcy For The 2nd Time In 14 Months

Ditech Alert: Ditech Files For Chapter 11 Bankruptcy For The 2nd Time In 14 Months. Is This The End Of Ditech? It appears the financial troubles for Ditech Holdings is are getting worse. A Ditech Alert has been issued by the company. The company has filed for Chapter 11 Bankruptcy for the second time in … Continue reading Ditech Alert: Ditech Files Bankruptcy For The 2nd Time In 14 Months

Ditech Holding Corporation Continues To Dodge Creditors

Ditech Holding Corporation Continues To Dodge Creditors After Emerging Bankruptcy And Sacking COO Ditech Holding Corporation is in trouble again. The company formerly known as Walter Investment Management emerged from Chapter 11 bankruptcy last year. The company restructured and eliminated $800 million in corporate debt. It also changed its name to Ditech Holding. Ditech Holding Corporation has also had a revolving door in … Continue reading Ditech Holding Corporation Continues To Dodge Creditors

Ditech Holdings Booted From The New York Stock Exchange

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 … Continue reading Ditech Holdings Booted From The New York Stock Exchange

Lenders Must Prove Mortgage Acceleration Letters Are Mailed

Florida Court Says Lenders Must Prove Homeowners Received Mortgage Acceleration Letters Prior To Foreclosure The 2nd Florida DCA ruled that mortgage servicers must prove they mailed mortgage acceleration letters to a homeowner before initiating a foreclosure. The appellate court ruled in favor of homeowner Steven E. Soule. Soule appealed the final judgment of foreclosure entered … Continue reading Lenders Must Prove Mortgage Acceleration Letters Are Mailed

Mortgage Servicing Fraud: Lender Document Experts

Mortgage Servicing Fraud: Lender Document Experts Are Clueless About The Loans They Are Testifying About Judges in Florida are beginning to take a hard look at mortgage servicing fraud. Judges have the time to spend on a case now that foreclosures have subsided in Florida. This became evident in a case playing out in Miami … Continue reading Mortgage Servicing Fraud: Lender Document Experts