Table of Contents
Who bought Green Tree Mortgage?
Walter Investment Management Corp.
Green Tree was acquired by Walter Investment Management Corp. in July 2011. A press release announcing the transaction describes Green Tree as providing “high-touch, third-party servicing of credit-sensitive consumer loans.”
Who took over for GMAC Mortgage?
Effective February 15, 2013, Ocwen Loan Servicing, LLC acquired certain assets of GMAC Mortgage, LLC, pursuant to a Sale Order entered in connection with the bankruptcy cases of Residential Capital, LLC and certain of its affiliated debtors.
When did green tree become ditech?
2015
Costa Mesa, California, U.S. U.S. Ditech Financial LLC (rebranded from “ditech Mortgage” and “Green Tree Servicing” in 2015) was a provider of home loan, loan servicing and refinance products to consumers and institutional partners in the U.S.
Who took over Green Tree Servicing?
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.
What happened Green Tree Financial?
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.
What happened to Green Tree Servicing LLC?
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.
What happened to my GMAC Mortgage?
GMAC ResCap, Inc. GMAC ResCap, Inc. was a residential mortgage loan originator and servicer based in Minneapolis, United States. As a result of its exposure to subprime lending during the subprime mortgage crisis, the company filed for bankruptcy protection in 2012 and underwent liquidation in December 2013.
Is Ally Financial and GMAC the same?
GMAC became Ally Financial in May of 2010 GMAC re-branded itself as Ally Financial in 2010. They had acquired a resort finance business when involved in real estate and in the same year, they sold the business to Centerbridge partners.
Who purchased Ditech Financial?
New Residential Investment
Just one day after selling Reverse Mortgage Solutions to Mortgage Assets Management, the nonbank formerly known as Walter Investment Management sold off its forward mortgage business Ditech Financial to New Residential Investment for $1.2 billion.
Who did ditech buyout?
New Residential
(NYSE: NRZ, “New Residential”, the “Company”), a leading provider of capital and services to the mortgage and financial services industries, announced today that it has completed its acquisition of select assets from Ditech Holding Corporation and Ditech Financial LLC (collectively “Ditech”).
Is Green Tree Servicing LLC still in business?
By the end of August, Green Tree will be no more. But the company is not closing. According to a post on Green Tree’s website, the full legal name of the company will be Ditech Financial LLC, but the company will operate as ditech, a Walter company.
Who purchased ditech?
New Residential Investment Corp.
Completes Acquisition of Select Assets from Ditech Holding Corporation.
Who is the owner of green tree mortgage?
Other, nonaffiliated companies with similar names include Greentree Mortgage Services, Inc. of Holland, Ohio and Greentree Mortgage Company, L.P. of Marlton, N.J. Green Tree was acquired by Walter Investment Management Corp. in July 2011.
When did GMAC Mortgage change its name to Ditech?
GMAC Mortgage renamed DiTech “ditech.com.” Reddam left the company in 2000. In 2005, DiTech was organized as a business unit of Residential Capital, LLC (often referred to as “ResCap”), which controlled mortgage-related subsidiaries owned by General Motors Corporation.
When did GMAC change its name to Ally Financial?
In May 2010, GMAC changed its name to Ally Financial. In 2012, during the mortgage crisis, Ally took its residential lending unit into bankruptcy in order to pay back the U.S. Treasury following its acceptance of bailout funds. In November 2012, Ditech was formed from assets of the estate of GMAC ResCap during the bankruptcy proceeding.
What kind of insurance does green tree insurance offer?
Green Tree also offers a variety of types of insurance through its Green Tree Insurance Agency, including homeowner’s insurance on mobile homes, warranty insurance covering appliances and various home systems, and automobile, RV, boat and motorcycle insurance.