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In February 2019, Ditech filed for bankruptcy for the second time in as many years. [25] Later that year, the company's forward mortgage servicing and originations business Ditech Financial LLC was acquired by New Residential Investment Corp. and their reverse mortgage business, Reverse Mortgage Solutions Inc., was acquired by Mortgage Assets ...
In February 2019, Ditech filed for bankruptcy and in October sold its forward mortgage business to New Residential for $1.2 billion. [8] In April 2021, Newrez a mortgage lending and servicing unit under New Residential agreed to acquire Caliber Home Loans from Lone Star Funds in a $1.675 billion deal. In February 2022, Newrez laid off 386 ...
CNO Financial Group, Inc. (formerly Conseco, Inc. (from Co nsolidated N ational Se curity Co rporation)) is an American financial services holding company based in Carmel, Indiana. [4] Its insurance subsidiaries provide life insurance, annuity and supplemental health insurance products to more than four million customers in the United States.
Nuance has agreed to acquire Ditech Networks for $1.45 per share in cash, representing a total enterprise value of approximately $22.5 million, net of Ditech Networks' cash as of the signing date ...
Nuance Closes Ditech Networks Acquisition BURLINGTON, Mass.--(BUSINESS WIRE)-- Nuance Communications, Inc. (NAS: NUAN) announced it has closed its acquisition of Ditech Networks, Inc. (NAS: DITC ...
Ditech Networks Sale Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Nuance Communications DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission ...
GMAC ResCap, Inc., earlier Residential Funding Company LLC and Residential Capital Corporation, was a residential mortgage loan originator and servicer based in Minneapolis, Minnesota. It was a subsidiary of GMAC (now Ally Financial). As a result of its exposure to subprime lending during the subprime mortgage crisis, the company filed for ...
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