Ditech is a post-confirmation wind-down case: the operating restructuring was completed years ago, the Third Amended Plan has been confirmed, and the remaining docket activity is centered on estate administration, service-list maintenance, quarterly reporting, and discrete post-confirmation disputes such as the recently denied motion to compel. The company entered chapter 11 on February 11, 2019, as a residential mortgage platform with forward origination, forward servicing, and reverse mortgage servicing operations, carrying a capital structure dominated by roughly $2.6 billion of funded obligations, including first-lien term loans, mortgage repo facilities, servicer-advance facilities, and second-lien PIK toggle notes described in the Amended Disclosure StatementDkt. 543.
At the outset, the case was shaped less by a new-money DIP loan than by authority to keep the mortgage-finance machinery operating: the Court authorized the debtors to enter into repurchase and servicer-advance facilities, sell mortgage loans and servicer-advance receivables in the ordinary course, use cash collateral, grant adequate protection, and provide backup liens and superpriority claims under the Interim Repurchase Facilities and Cash Collateral OrderDkt. 53. That relief supported a chapter 11 process that moved into plan formulation by spring 2019, with the debtors filing an amended disclosure statement in May and then a Third Amended Joint Chapter 11 PlanDkt. 1326 in September after filing a Plan Supplement NoticeDkt. 1317.
The Court confirmed the Third Amended Joint Chapter 11 Plan on September 26, 2019, establishing the post-confirmation path now visible on the docket through the Confirmation OrderDkt. 1404. Recent filings show the case remains open as a Remaining Wind Down Estate rather than an active operating reorganization: Epiq continues to file master service lists, including the May 26, 2026 Master Service ListDkt. 5555, and the claims agent served materials tied to the Wind Down Estates’ Twenty-Fifth Post-Confirmation Quarterly Operating Report for the January 1 through March 31, 2026 period through the Certificate of MailingDkt. 5551. The most recent substantive dispute was a pro se motion to compel concerning title/lien inquiry order issues, which the Court denied with prejudice in the Memo Endorsed Order Denying Motion to CompelDkt. 5556.
