NYSE Delists RMS Parent Company Ditech

Following multiple warnings, Ditech Holding Corporation (NYSE: DHCP), the parent company of Reverse Mortgage Solutions, is being delisted from the New York Stock Exchange. The NYSE is delisting the company after its failing to meet the NYSE’s listing standard requiring companies to maintain at least $15 million in average global market capitalization over a consecutive […]

Reverse Mortgage Solutions Records $29.6M Loss as Ginnie Mae Buyouts Rise

Reverse Mortgage Solutions recorded $29.6 million in pre-tax losses during the second quarter of 2018, with management at its parent company in part blaming high costs associated with Ginnie Mae buyouts. In addition to elevated fair value losses, Ditech Holding Corporation (NYSE: DHCP) pointed to an extra $9.7 million in borrowing costs related to mandatory […]

RMS Parent Ditech Explores ‘Strategic Alternatives,’ Company Sale

Ditch Holding Corporation (NYSE: DHCP), parent company of Reverse Mortgage Solutions (RMS), announced Wednesday that it has initiated a process to evaluate strategic alternatives to enhance its shareholder value. The review process is being commenced following inquires from the company’s board of directors, and will be conducted with the assistance of financial and legal advisors. […]

Ditech Loses $12.8M on Reverse Mortgage Solutions in Q1

In its first quarterly earnings call after emerging from Chapter 11 bankruptcy protection, Ditech Holding Corporation (NYSE: DHCP) rolled out several initiatives related to its reverse mortgage servicing operation. The company’s Reverse Mortgage Solutions subsidiary logged revenues of $18 million for the first quarter, a dip of $4.5 million from the same time last year. […]

RMS Parent Ditech Receives Another Delisting Warning from NYSE

Ditech Holding Corporation (NYSE: DHCP) late last week received a delisting warning from the New York Stock Exchange, its third such compliance notice in less than a year. The most recent NYSE issue came after Ditech failed to submit its first quarter report to the Securities and Exchange Commission within the specified time period. Management […]

RMS Parent Ditech Appoints New CEO

Ditech Holding Corp., the parent company of Reverse Mortgage Solutions, announced Wednesday it has appointed board chairman Thomas F. Marano as CEO and president of the company, effective immediately. Marano replaces interim CEO and president Jeffrey Baker, who will continue to serve as president of RMS.  “We are pleased to appoint an executive of Tom’s […]

RMS President Promoted to Interim CEO of Ditech

The current president of Reverse Mortgage Solutions will now serve as its parent company’s interim CEO and president. Ditech Holding Corporation (NYSE: DHCP) — until early this month known as Walter Investment Management Corporation — this week announced the promotion of Jeffrey Baker to the top spot. His predecessor, Anthony Renzi, departed the company shortly […]

RMS’s Parent Company Emerges from Bankruptcy as Ditech

After a slight delay, Walter Investment Management Corp. (NYSE: WAC.BC) emerged on Friday from a prepackaged Chapter 11 restructuring plan — with a new name. The parent company of Reverse Mortgage Solutions will be known as Ditech Holding Corporation, adopting the new ticker symbol DHCP when trading begins Monday morning. “We are emerging from this […]