Walter’s bankruptcy won’t affect Ditech’s servicing ability

Ditech returns to bankruptcy to restructure its debt Ditech Holding Corp. is refiling for bankruptcy almost a year after emerging from it in order to facilitate a restructuring agreement with lenders holding more than 75% of its term loans.

Walter Investment will stay in bankruptcy a little longer than expected. on track to complete the work necessary" to exit bankruptcy, it won’t be doing so today.. of its origination and.

AmeriDebt Inc.’s surprise bankruptcy filing over the weekend won’t affect consumers here or disrupt a plan to transfer the credit counselor’s Maryland clients to another agency in the next few.

Walter’s bankruptcy won’t affect Ditech’s servicing ability Homebuilder sentiment rises to seven-month high in May At Regions Bank, shift to purchase market prompts a retooling

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However, it is rare that a bankruptcy does not damage your credit rating. Bankruptcy and Your Credit Report. The type of bankruptcy you choose to file will determine how long it is listed on your consumer credit report. Chapter 7 and Chapter 11 bankruptcies stay on your credit report for 10 years after you file.

Senate confirms new FEMA administrator The Senate confirmed the nomination of Brock Long to be Federal Emergency management agency (fema) administrator. Members also advanced the nomination of Sigal Mandelker to be treasury.

Court Rejected Ditech’s Defense to Discharge Violation in Which It Claimed Computer Generated Statements Sent to Debtor Were Not Willful. When a note or other obligation is transferred, the successor in interest is responsible for ensuring records are properly transferred. Moreover, Ditech became aware of the Debtor’s bankruptcy once the Debtor explained that he had cured arrears through his chapter 13 plan. Ditech is in contempt of the Discharge Order.

How to Get a Second Chance at Homeownership After Foreclosure or a Short Sale. Millions of Americans who lost their homes during the housing crisis may be eligible to become homeowners again.

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Walter Investment to Appoint David Schneider President, Ditech Servicing and Originations. our ability to maintain our loan servicing, loan origination, insurance agency or collection agency.