Is Greentree mortgage still in business?
By the end of August, Green Tree will be no more. But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
Who took over Greentree mortgage?
Walter Investment Management Corp.
Green Tree was acquired by Walter Investment Management Corp. in July 2011. A press release announcing the transaction describes Green Tree as providing “high-touch, third-party servicing of credit-sensitive consumer loans.”
What happened to Green Tree Servicing LLC?
On August 31, 2015, Green Tree Servicing became ditech, a Walter company. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com.
Are ditech and Greentree the same?
U.S. Ditech Financial LLC (rebranded from “ditech Mortgage” and “Green Tree Servicing” in 2015) is a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.
Is there a class action lawsuit against Ditech?
Law360 (April 25, 2019, 4:15 PM EDT) — Bankrupt mortgage servicer Ditech Holding Corp. has been hit with a proposed class action lawsuit claiming it broke federal rules against sharing disputed missed payment information with credit agencies.
Who bought out Ditech mortgage 2020?
New Residential Investment
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.
What happens to my mortgage with Ditech?
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.
Is Ditech now NewRez?
“The acquisition of these origination and servicing operations from Ditech, in addition to those already operated through Newrez and Shellpoint Mortgage Servicing, will further our position as an industry leading originator and servicer.”
Did NewRez buy caliber?
New Residential Investment has completed a previously announced acquisition of mortgage originator and servicer Caliber Home Loans.