Is Green Tree Servicing the same as Ditech?
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.
Why did Ditech sell my mortgage?
The move to sell came after years of financial trouble that saw Ditech, the nonbank formerly known as Walter Investment Management, file for Chapter 11 bankruptcy twice in 14 months.
What happens if my mortgage company goes bust?
What about my mortgage? If your bank or building society goes bust you will not have your mortgage cancelled. The administration process would see that debt sold onto another bank or building society, or potentially an investment firm, and you would then owe them the money.
Is Green Tree 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 bought out Green Tree Financial?
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.”
Does NewRez sell their loans?
Newrez LLC is a mortgage lender based in Fort Washington, Pa. The company was founded in 2008 as New Penn Financial, but rebranded to its current name in 2019….Newrez borrowing requirements.
| Minimum credit score | 620 for most loans |
|---|---|
| Available loan terms | 10-, 15-, 20-, 25- and 30-year terms |
Who bought ditech Mortgage payment?
In 1999, DiTech was acquired by GMAC (now Ally Financial ), then owned by General Motors. GMAC Mortgage renamed DiTech “ditech.com.” Reddam left the company in 2000.
Who bought out ditech Mortgage?
In 1999, DiTech was acquired by GMAC (now Ally Financial), then owned by General Motors. GMAC Mortgage renamed DiTech “ditech.com.” Reddam left the company in 2000.
How do I contact Ditech?
To contact ditech and speak with a Customer Service Representative about your account, call 1-800-643-0202 ( Weekdays 8 a.m. – 12 a.m.
Is Ditech still in business?
Ditech plans to continue operating while it’s in bankruptcy. However, the company notes that it is still considering selling the company or selling off company assets . In June 2018, Ditech warned investors that it was exploring “strategic alternatives to enhance stockholder value,” that included possibly selling the company.