Skip to main content

Ditech Delisted From NYSE

Nov 08, 2018
Ditech Holding, a Fort Washington, Pa.-based originator and servicer of mortgages and a servicer of reverse mortgages, has been delisted from the New York Stock Exchange (NYSE)

Ditech Holding, a Fort Washington, Pa.-based originator and servicer of mortgages and a servicer of reverse mortgages, has been delisted from the New York Stock Exchange (NYSE).
 
The company released a statement that the NYSE also suspended trading of its securities. “The NYSE reached its decision to delist the Company's securities pursuant to Section 802.01B of the NYSE's Listed Company Manual because the company has fallen below the NYSE's continued listing standard that requires listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15 million,” the statement said, adding that it expected to have its shares traded in the over-the-counter market.
 
Ditech added that it would continue to file periodic and certain other reports with the Securities and Exchange Commission and that the delisting would not impact its operations.

 
About the author
Published
Nov 08, 2018
New Compliance Requirements Add Challenges

Latest changes arrive at an already disruptive time in the mortgage industry

Changes Coming For Investment Properties

Using leases to qualify will require Proof

FCC Adopts New Rules To Close The 'Lead Generator Loophole'

Mortgage lead providers respond, saying this will "wipe out" several small and mid-tier businesses

Trade Associations & Lenders Stand Behind Trigger Leads Bill

Major trade associations like The MBA, NAMB, and BAC, urge action on S. 3502.

Supply And Demand Are Still Alive And Well

Treasury auctions may face weaker demand but they’re still getting done

Allowing The ‘Dogs’ To Bark

More lenders need to know about 203(k) financing