In addition to changing its chief executive officer, Walter Investment Management Corp. will change its name. The company has updated the date it expects to emerge from bankruptcy.
Last week, the
the Fort Washington, Pennsylvania-based mortgage banking firm disclosed that its CEO and president, Anthony N. Renzi, will be leaving.
This week, Walter Investment
announced that it will abandon the name it has held since it changed its name from Walter Industries Inc. in 2009.
According to an statement Wednesday, the company intends to rename itself Ditech Holding Corp. The name was fashioned from subsidiary Ditech Financial LLC.
The name change is being made with its expected emergence from Chapter 11 bankruptcy on Feb. 9.
With the name change, expected to occur on Feb. 12, the company’s common stock will begin trading under the symbol “DHCP.”
Walter Investment originally acquired the Ditech brand in 2013, a year after former ditech parent Residential Capital LLC filed bankruptcy.
