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NY attorney general opposes Ditech sale, announces investigation into reverse mortgage business

As the battle over Ditech’s bankruptcy and subsequent sale of its mortgage channels rages on, New York’s top legal officer is weighing in. Attorney General Letitia James filed a brief in court this week expressing her objection to Ditech’s bankruptcy plan on the grounds that it fails to protect borrowers in foreclosure. “Ditech’s action is an illegal attempt to strip hundreds of homeowners of their legitimate claims,” James said.