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Walter Investment updates on Chapter 11 financial restructuring plan

Walter Investment Management Corp. expects to emerge from Chapter 11 proceedings on Feb. 9 after receiving approval for its prepackaged financial restructuring plan from the U.S. Bankruptcy Court for the Southern District of New York on Jan. 17.

The company anticipates that all remaining conditions under the prepackaged plan will be satisfied and trading in the company's new common stock will commence Feb 12.

The company intends to change its name to Ditech Holding Corp. on the effective date and will trade under the symbol "DHCP" thereafter.