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Ditech Financial LLC (rebranded from “ditech Mortgage” and "Green Tree Servicing" in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S. [1]
Moody's Investors Service ("Moody's") has withdrawn the SQ3 servicer quality ("SQ") assessments for Ditech Financial LLC ("Ditech") as a primary servicer of prime residential mortgage loans ...
Reddam sued GMAC Mortgage Corp in 2000, alleging that the company failed to pay $200 million that it owed after acquiring Ditech. [11] In 2013, Reddam was sued by the Consumer Financial Protection Bureau for violating consumer protection laws in a case related to Cashcall and other companies he was involved in. [12]
Under a Freedom of Information Act (FOIA) request, nonprofit California Reinvestment Coalition determined that as of December 2014, the FDIC had already paid over $1 billion to OneWest Bank under the shared loss agreements it secured from the FDIC when it purchased IndyMac and La Jolla Banks, and that the FDIC expected it would pay another $1.4 ...
Ditech Holding Corporation (NYSE:DHCP), a US$28.00M small-cap, is a financial services company operating in an industry, whose growth is generally driven by economic condition, determining the ...
Mortgage Electronic Registration Systems, Inc. (MERS) is an American privately held corporation. [1] MERS is a separate and distinct corporation that serves as a nominee on mortgages after the turn of the century and is owned by holding company MERSCORP Holdings, Inc., which owns and operates an electronic registry known as the MERS system, which is designed to track servicing rights and ...
On April 17, 2012, the company missed an interest payment. [10] On May 14, 2012, the company filed for a pre-packaged bankruptcy that included the separation of the company from its parent, Ally Financial. [11] On December 11, 2013, the company's Plan of Reorganization was approved by the bankruptcy court. [12]
He is known for appearing in commercials for Ditech.com, where he plays a character known as "Ned the Banker." The commercials intend to show that Ned is unable to close a mortgage deal, even with his own mother, because of Ditech's highly competitive rates and services. Most commercials end with the punch line, "I