Questions and answers

What happened to my Ditech account?

What happened to my Ditech account?

Bankruptcy. 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.

Who took over Ditech Financial?

New Residential Investment
Note: HousingWire is a business news company that covers the real estate and mortgage industries.

Is Ditech now Newrez?

“The acquisition of these origination and servicing operations from Ditech, in addition to those already operated through Newrez and Shellpoint Mortgage Servicing, will further our position as an industry leading originator and servicer.”

Is there a class action lawsuit against ditech?

Law360 (April 25, 2019, 4:15 PM EDT) — Bankrupt mortgage servicer Ditech Holding Corp. has been hit with a proposed class action lawsuit claiming it broke federal rules against sharing disputed missed payment information with credit agencies.

Who owns NewRez financial?

One mortgage lender making a big splash of late is NewRez, short for New Residential Investment Corp. Thanks to their 2019 acquisition of Shellpoint Partners LLC, which was the parent company of New Penn Financial, they now have a robust loan origination platform to flank their expansive loan servicing business.

What bank is NewRez?

New Penn Financial
Newrez LLC is a mortgage lender based in Fort Washington, Pa. The company was founded in 2008 as New Penn Financial, but rebranded to its current name in 2019. Newrez is licensed to lend in all 50 states, and offers both purchase and refinance loans.

What happens if my mortgage company files Chapter 11?

Yes, if your mortgage lender goes bankrupt, you do still need to pay your mortgage obligation. If your mortgage lender goes under, the company will normally sell all existing mortgages to other lenders. In most cases, the terms of your mortgage agreement will not change.

Is Green Tree and ditech the same company?

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

Who is the CEO of NewRez mortgage?

Jack Navarro
Jack Navarro is the President and CEO of the Servicing Division of Newrez including Newrez Servicing and Shellpoint Mortgage Servicing. Mr. Navarro started Shellpoint Mortgage Servicing in 2010 and has over 35 years’ experience in mortgage servicing and REO asset management.