Friday, January 29, 2016

Walter Investment's Ditech buys part of Residential Credit Solutions

In another signal that the default mortgage business is shrinking, Walter Investment Management Corp. announced Friday that it acquired “certain assets” of Residential Credit Solutions. While a “number of core operational employees” are being transferred from RCS to Ditech, more than 130 of RCS’ employees will not be making the transition, and the company is laying off 134 employees at the end of February.

from Byrd Mix via byrd memphis developer

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