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Following the acquisition, Ditech used the name of Walter's Green Tree Servicing subsidiary to originate loans for regulatory and licensing reasons. [2] DT Holdings, Ditech's parent company, is a subsidiary of Walter Investment Management. [14] In March 2014, the company resumed originating loans using the Ditech name. [2]
In 1998, Conseco purchased the former Greentree Financial, one of the largest financiers of mobile homes, in an attempt to diversify into consumer financial services. They also bought life insurance company Colonial Penn later that year, changing their name to Conseco Direct Life, though changing the name back to Colonial Penn in 2001 (known as ...
In 1995, he established a mortgage lending company, Ditech, and sold the business to General Motors in 1999. [1] The New York [4] reported that Governor of California Jerry Brown characterized Reddam's company's debt collection methods as loan sharking. He now owns CashCall, Inc., another firm specializing in small loans at very high interest ...
The bank was involved with a series of secured and unsecured loans. A primary source of losses was the purchase of the servicing rights to manufactured home loans that were originated by Green Tree, a subsidiary of Midwest Federal's. Midwest then subcontracted with Green Tree to service these loans.
Failed banks. Date closed. Northern Star Bank, Mankato, Minn. 12/19/2014. Frontier Bank (dba El Paseo Bank), Palm Desert, Calif. 11/07/2014. The National Republic Bank of Chicago
What happened. It has been a great year for LendingTree (NASDAQ: TREE) shareholders; the stock gained 91% in the first half of 2019 compared to a 17% increase in the S&P 500, according to data ...
Onity Group, formerly Ocwen, is a provider of residential and commercial mortgage loan servicing, special servicing, and asset management services, which has been described as "debt collectors, collecting monthly principal and interest from homeowners".
Shares in professional development company Learning Tree International (NAS: LTRE) spiked 20% Monday as Chairman and CEO David Collins and his spouse made an offer to buy the company at $5.25 per ...