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Reverse mortgage borrowers

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New York Court approves representation for mortgage borrowers in Ditech bankruptcy HW+

May 21, 2019By

The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries – including those who have reverse mortgages with its subsidiary Reverse Mortgage Solutions – ensuring these borrowers will not suffer too great a loss as the mortgage giant restructures.

3d rendering of a row of luxury townhouses along a street

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