Powered by

Ditech deal with homeowners paves way for $1.8B sale

Sep 11, 2019 - National Mortgage News
Bankruptcy

Bankrupt mortgage servicer Ditech Holding Corp. cleared the way for the $1.8 billion sales of its businesses by agreeing on Tuesday to preserve some homeowner claims like the right to fix mistakes on their loans.

The accord ends a dispute over the sales, allowing Ditech to pay creditors and exit bankruptcy. A group of consumer creditors as well as attorneys general from about a dozen states objected to a previous plan to offload the assets in "free and clear" transactions. Those arrangemen...