New York Court approves representation for mortgage borrowers in Ditech bankruptcy

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The Bankruptcy Court of the Southern District New York denied Ditech’s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries. The creation of the committee was first approved last month by the U.S. Trustee, a division of the Department of [.]

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New York Court approves representation for mortgage borrowers in Ditech bankruptcy May 22, 2019 RSS FEED No comments The Bankruptcy Court of the Southern District New York denied Ditech ‘s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries.

New York Court approves representation for mortgage borrowers in Ditech bankruptcy | 2019-05-21 By admin 1 month ago The Bankruptcy Court of the Southern District New York denied Ditech ‘s motion Friday to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries.

Another issue that jeopardizes consumer rights is that Ditech alleges foreclosures should not be halted by the automatic stay ordered by bankruptcy court, according to the filing. Two of the homeowners who Tenenbaum represents are currently in litigation with the Ditech unit, Reverse Mortgage Solutions Inc., after the company foreclosed on them.

New York Court Approves Representation for Mortgage Borrowers in Ditech Bankruptcy HousingWire, May 21, 2019–Jessica Guerin The Bankruptcy Court of the Southern District New York denied Ditech’s motion to dismiss the formation of a consumer committee to protect the interests of mortgage borrowers who have loans with Ditech or its subsidiaries.

Ditech holding corporation announced tuesday that it has engaged in a court-supervised sale process for the stock and assets of Reverse Mortgage Solutions, Inc. (RMS) with Washington, D.C.-based Mortgage Assets Management, LLC, a company that oversees portfolios of mortgage servicing rights.

Mortgage Borrowers Push For Committee In Ditech Ch. 11. office filed in New York bankruptcy court Friday, Barbara Herron, LeRon Harris and Reola Minter said they were concerned that Ditech.