Ditech Names Successful Bidder for RMS

After engaging in a court-supervised sale process for the stock and assets of Reverse Mortgage Solutions (RMS), parent company Ditech Holding Corporation has notified the presiding bankruptcy court that the bidders for both RMS and Ditech’s forward mortgage business have been successful, according to a report at Bankrupt Company News. This has resulted in the […]

Ditech Finds ‘Stalking Horse Bidder’ for Reverse Mortgage Solutions

Ditech Holding Corporation announced Tuesday that it has engaged in a court-supervised sale process for the stock and assets of Reverse Mortgage Solutions, Inc. (RMS) with Washington, D.C.-based Mortgage Assets Management, LLC, a company that oversees portfolios of mortgage servicing rights. The forward mortgage servicing and origination business, Ditech Financial LLC, will be acquired by […]