Who took over Green Tree Servicing?
Walter Investment Management Corp.
Walter Investment Management Corp. acquired Green Tree in 2011, and in August 2015, Green Tree Servicing and Ditech Mortgage Corp. linked up to create Ditech Financial LLC, also owned by Walter.
Is Greentree Financial still in business?
By the end of August, Green Tree will be no more. But the company is not closing. In fact, Green Tree’s parent company, Walter Investment Management Corp. (WAC), is merging Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company.
Are ditech and Greentree the same?
On August 31, 2015, Green Tree Servicing became ditech, a Walter company. To learn more about this transition from Green Tree to ditech, please visit www.ditech.com.
How do I contact ditech?
1 (800) 700-9212
Ditech/Customer service
Where did Ditech loans go?
Ditech is no longer servicing any loans. All historical loan information was transferred to the new servicer.
Is Green Tree Servicing now Ditech?
Green Tree Servicing is gone. (WAC), announced quietly that it planned to merge Green Tree with another of Walter Investment’s well-known subsidiaries, Ditech Mortgage Corp, to form a new company, ditech, a Walter company. Walter Investment announced Wednesday that the merger is now complete.
Who purchased Green Tree?
Conseco Inc.
Conseco Inc., a major provider of life and health insurance, agreed to acquire Green Tree Financial Corp., a subprime-market lender best known for financing mobile-home purchases, in a stock swap valued at $45.02 a share, or about $6.44 billion.
Who purchased Ditech?
New Residential Investment Corp.
In February 2019, Ditech filed for bankruptcy for the second time in as many years. Later that year, the company’s forward mortgage servicing and originations business Ditech Finance LLC was acquired by New Residential Investment Corp.
What happens to my mortgage with Ditech?
Did Ditech go out of business and what happened to my loan? Ditech wound down its operations and no longer services any loans. The company now servicing your loan and the address to which you should send payments have changed. Communications and payments for your loan should be sent to the new servicing company.
What does Ditech mean?
During the 1990s and 2000s, Ditech became a household name for humorous television commercials featuring a frustrated loan officer, played by actor Ron Michaelson, who repeated the catchphrase “Lost another loan to Ditech.”
What happens to my Ditech mortgage?
Why did Ditech sell my mortgage?
The move to sell came after years of financial trouble that saw Ditech, the nonbank formerly known as Walter Investment Management, file for Chapter 11 bankruptcy twice in 14 months. It all began in 2017 when the company filed for bankruptcy after a long string of financial losses.
Did Ditech buy Greentree?
The new ditech was formed from the assets from the GMACRescap estate, purchased by Walter Investment/Greentree Originations in November 2012. When ditech announced its plans to come back into the market, it revealed its new business plan, which entailed a three-pronged approach.
Who bought green tree financial?
Larketta Randolph purchased a mobile home from Better Cents Home Builders, Inc., in Opelika , Alabama. This was financed through Green Tree Financial Corporation and its subsidiary, Green Tree Financial Corp.-Alabama.
What is green tree mortgage?
Green Tree offers mortgage refinancing on terms similar to its regular mortgages for home purchases. In addition, Green Tree participates in the federal Home Affordable Refinance Program (HARP) for homeowners who are underwater on their mortgages or have less than 20 percent equity in their homes.