Unlike the first bankruptcy , Ditech included Subsidiaries Ditech Financial LLC and Reverse Mortgage solutions in this restructuring filing. Yes , the have had solid net income but Ditech as a whole is in a boatload of debt that it can’t escape. Further complicating matters is growth in the mortgage industry has slowed making the outlook look somewhat worse.
I don’t have a dog in this fight. If you do , i wish you the best of luck. My thoughts are this bankruptcy won’t go as well as the previous for Ditech. Looks like some are already lining up to purchase assets.
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