Fortress-backed New Residential to buy Ditech Financial
Ditech Holding Corp, which has filed for bankruptcy protection, said June 18 that New Residential Investment Corp is acquiring Ditech Financial, its forward mortgage servicing and orginations business. Mortgage Assets is buying Ditech's Reverse Mortgage Solutions Inc. New Residential and Mortgage Assets will serve as proposed "stalking horse bidders" in court-supervised sale processes. New Residential is an affiliate of Fortress Investment Group LLC.
18 June 2019•7 mins read
