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Ditech Holding completes sale of Reverse Mortgage Solutions' stock, assets

Mortgage originator Ditech Holding Corp. completed the sale of the stock and assets of its reverse mortgage business, Reverse Mortgage Solutions Inc., to Mortgage Assets Management LLC and its affiliate.

Ditech Holding also expects to close in the coming days the sale of its forward mortgage-servicing and originations business, Ditech Financial LLC, to New Residential Investment Corp.