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Walter Investment Emerges from Bankruptcy

Walter Investment Management Corp. has successfully emerged from bankruptcy. The surviving organization is a restructured entity with a new name for the parent.

Late last year, the Fort Washington, Pennsylvania-based company filed a voluntary chapter 11 petition in a Manhattan bankruptcy court.

A news release Thursday indicated that Walter expected to complete its bankruptcy today and change its name to Ditech Holding Corp. on Feb. 12.


Source: Mortgage Daily