Items Tagged with 'Walter Investment Management Corp.'


  • Ditech files for Chapter 11 bankruptcy for second time in 14 months

    Financial difficulties persist for troubled nonbank
    It appears that the financial troubles of Ditech Holding Corp., the nonbank formerly known as Walter Investment Management, are far from over. Last year, the company emerged from Chapter 11 bankruptcy after completing a financial restructuring plan that eliminated $800 million in corporate debt. But that wasn’t enough to put the nonbank’s troubles behind it. Now, just 14 months after filing for Chapter 11, the company is filing for Chapter 11, again.
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  • Ditech runs into trouble with creditors; boots COO after just 9 months

    More rough waters ahead for nonbank
    Well, we’ve gone a solid two months without a bad headline for Ditech Holding Corp., the nonbank formerly known as Walter Investment Management, but it looks like the company is in trouble again. The company disclosed in an SEC filing that it's run into more trouble with creditors and is firing its COO after just nine months.
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  • How the mighty have fallen: Ditech booted from the New York Stock Exchange

    Troubles persist for once-bankrupt nonbank
    When we last checked in on Ditech Holding Corp., the nonbank formerly known as Walter Investment Management, things weren’t going too well. And it sounds like things haven’t gotten much better for the company over the last few months. Ditech notified investors this week that the company is being kicked off of the NYSE due to the company’s incredibly low share price and market cap.
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  • More trouble for Ditech? Company now exploring “strategic alternatives”

    Nonbank exited bankruptcy in February, but that may not be enough
    Is there more trouble brewing for Ditech Holding Corp., the nonbank formerly known as Walter Investment Management? The company announced this week that its board is about to begin exploring “strategic alternatives to enhance stockholder value.” Included among those alternatives is a potential sale of the company.
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  • Former Walter Investment/Ditech CEO Anthony Renzi surfaces at Cenlar

    Renzi will serve as president and COO of mortgage subservicer
    Anthony Renzi has found a new home. Renzi, the former CEO of Walter Investment Management Corp., which recently changed its name to Ditech Holding Corp., is set to become the president and chief operating officer of Cenlar FSB, one of the nation’s largest mortgage subservicers.
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  • Ditech Holding Corp. picks "seasoned turnaround professional" Jeffrey Baker as new CEO

    Baker elevated from chief operating officer to replace Anthony Renzi
    For the fifth time in just over two years, Ditech Holding Corp., which was known as Walter Investment Management Corp. until very recently, has a new CEO. The nonbank announced Tuesday that it is elevating "seasoned turnaround professional" Jeffrey Baker from chief operating officer to serve as interim CEO and president.
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  • Walter Investment reveals new date for bankruptcy exit, name change

    Currently expected to happen later this week
    One week ago, Walter Investment Management Corp. disclosed that it would not be exiting bankruptcy on Jan. 31, 2018 as the company originally expected when its bankruptcy plan was approved by a federal court. Now, the company is providing more detail on when it now plans to exit bankruptcy.
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  • Walter Investment CEO resigning, next CEO will be company’s 5th in 2 years

    Company also plans to change name to Ditech Holding Corp.
    For the fifth time in just over two years, Walter Investment Management Corp. is looking for new CEO. The nonbank announced late Thursday that Anthony Renzi, who took over in September 2016, is leaving the company. The company also disclosed Friday that it is leaving the name Walter Investment behind as well.
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