New Residential Investment Corporation’s “stalking-horse” purchase agreement for the acquisition of substantially all of the forward mortgage-related assets of Ditech Holding Corporation


Sidley represented New Residential Investment Corporation on the deal

New Residential Investment Corporation in the execution of a “stalking-horse” purchase agreement for the acquisition of substantially all of the forward mortgage-related assets of Ditech Holding Corporation. Acquisition of these assets, in addition to those already operated through NewRez and Shellpoint Mortgage Servicing, would further New Residential’s position as an industry leading originator and servicer. The final purchase price will be determined at closing of the transaction.

The Sidley team was led by partners Bill Howell (Picture), Aaron J. Rigby (Dallas), Jessica C. K. Boelter (New York) and Mark D. Werner (Chicago). Team members included partners Benjamin A. Rosemergy (Chicago), Benjamin Nagin (New York), Christopher Egleson (San Diego), James Huizinga (Washington, D.C.); counsels Tara M. Lancaster (Dallas) and Charles M. Persons (Dallas); and associates Christian E. Pilhofer (Chicago), Matthew E. Linder (Chicago) and Jack Zeringue (Dallas).

Involved fees earner: Jessica Boelter – Sidley Austin LLP; Christopher Egleson – Sidley Austin LLP; William Howell – Sidley Austin LLP; James Huizinga – Sidley Austin LLP; Tara Lancaster – Sidley Austin LLP; Matthew Linder – Sidley Austin LLP; Benjamin Nagin – Sidley Austin LLP; Charles Persons – Sidley Austin LLP; Christian Pilhofer – Sidley Austin LLP; Aaron Rigby – Sidley Austin LLP; Benjamin Rosemergy – Sidley Austin LLP; Mark Werner – Sidley Austin LLP; Jack Zeringue – Sidley Austin LLP;

Law Firms: Sidley Austin LLP;

Clients: New Residential Investment Corp.;

Author: Ambrogio Visconti