Ditech Holding Corporation – Designates Stalking Horse Bidders in Respect of Forward Mortgage and Reverse Mortgage Businesses; Estimated $574mn Available for Distribution after Repayment of $1.23bn of DIP Financing

June 18, 2019 – Further to the Court's bidding procedures order [Docket No. 456], the Debtors notified the Court that it had designated a stalking horse bidder in respect of each of (i) Ditech Financial LLC, the Debtors' forward mortgage servicing and originations business (the "Forward Business"), and (ii) Reverse Mortgage Solutions, Inc., the Debtors'…