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Filing Details

Accession Number:: 0001019056-18-000590
Form Type:: 13G Filing
Publication Date:: 2018-05-09 14:49:25

Filed By:: Phoenix Investment Adviser Llc
Company:: Ditech Holding Corp (NYSE:DHCP)
Filing Date:: 2018-05-09
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Aggregate Amount Owned Power	Percent of Class
Jeffrey Peskind	212,157	148,760	212,157	148,760	360,917	8.11 %
Phoenix Investment Adviser	212,157	148,760	212,157	148,760	360,917	8.11%
JLP Credit Opportunity Master Fund Ltd	206,468	7.	206,468	9.	206,468	4.64%
JLP Partners Master Fund	5,689	7.	5,689	9.	5,689	.13%

Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

DiTech Holding Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

25501G105

(CUSIP Number)

Copies to:

Lance Friedler

Robert Youree

c/o Phoenix Investment Adviser LLC

420 Lexington Avenue, Suite 2040

New York, NY 10170

May 9, 2018

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1(b)

o Rule 13d-1(c)

x Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 25501G105

13G/A

Page 2 of 9


1.	Names Of Reporting Persons Jeffrey Peskind I.R.S. Identification No. Of Above Persons (Entities Only)

2.	check the appropriate box if a group			(a) o (b) o
3.	sec use only

4.	citizenship or place of organization UNITED STATES
number of shares beneficially owned by each reporting person with:		5.	sole voting power		212,157
		6.	shared voting power		148,760
		7.	sole dispositive power		212,157
		8.	shared dispositive power		148,760
9.	aggregate amount beneficially owned by each reporting person				360,917
10.	check box if the aggregate amount in row (9) excludes certain shares (See Instructions)				o
11.	percent of class represented by amount in row (9)				8.11%
12.	type of reporting person (See Instructions)				IN

CUSIP No. 25501G105

13G/A

Page 3 of 9


1.	Names Of Reporting Persons Phoenix Investment Adviser, LLC I.R.S. Identification No. Of Above Persons (Entities Only) 36-4581843

2.	check the appropriate box if a group			(a) o (b) o
3.	sec use only

4.	citizenship or place of organization DELAWARE LIMITED LIABILITY COMPANY
number of shares beneficially owned by each reporting person with:		5.	sole voting power		212,157
		6.	shared voting power		148,760
		7.	sole dispositive power		212,157
		8.	shared dispositive power		148,760
9.	aggregate amount beneficially owned by each reporting person				360,917
10.	check box if the aggregate amount in row (9) excludes certain shares (See Instructions)				o
11.	percent of class represented by amount in row (9)				8.11%
12.	type of reporting person (See Instructions)				IA

CUSIP No. 25501G105

13G/A

Page 4 of 9


1.	Names Of Reporting Persons JLP Credit Opportunity Master Fund Ltd I.R.S. Identification No. Of Above Persons (Entities Only) 98-0446227

2.	check the appropriate box if a group			(a) o (b) o
3.	sec use only

4.	citizenship or place of organization CAYMAN ISLANDS
number of shares beneficially owned by each reporting person with:		5.	sole voting power		206,468
		6.	shared voting power
		7.	sole dispositive power		206,468
		8.	shared dispositive power
9.	aggregate amount beneficially owned by each reporting person				206,468
10.	check box if the aggregate amount in row (9) excludes certain shares (See Instructions)				o
11.	percent of class represented by amount in row (9)				4.64%
12.	type of reporting person (See Instructions)				CO

CUSIP No. 25501G105

13G/A

Page 5 of 9


1.	Names Of Reporting Persons JLP Partners Master Fund LP I.R.S. Identification No. Of Above Persons (Entities Only) 98-0703920

2.	check the appropriate box if a group			(a) o (b) o
3.	sec use only

4.	citizenship or place of organization CAYMAN ISLANDS
number of shares beneficially owned by each reporting person with:		5.	sole voting power		5,689
		6.	shared voting power
		7.	sole dispositive power		5,689
		8.	shared dispositive power
9.	aggregate amount beneficially owned by each reporting person				5,689
10.	check box if the aggregate amount in row (9) excludes certain shares (See Instructions)				o
11.	percent of class represented by amount in row (9)				.13%
12.	type of reporting person (See Instructions)				PN

CUSIP No. 25501G105

13G/A

Page 6 of 9

Item 1.

(a)	Name of Issuer:	DiTech Holding Corp

(b)	Address of Issuer’s Principal	1100 Virginia Drive, Suite 100
	Executive Offices:	Fort Washington, PA 19034

Item 2.

(a)	Name of Person Filing:	Phoenix Investment Adviser LLC (“Phoenix”) acts as the discretionary investment manager to JLP Credit Opportunity Master Fund Ltd and JLP Partners Master Fund LP. Jeffrey Peskind is the Managing Member of Phoenix.

(b)	Address of Principal Business Office:	420 Lexington Avenue, Suite 2040
	or, if none, Residence	New York, NY 10170

(c)	Citizenship:	Phoenix Investment Adviser LLC	Delaware LLC
		JLP Credit Opportunity Master Fund Ltd	Cayman Islands Corporation
		JLP Partners Masters Fund LP	Cayman Islands Partnership
		Jeffrey Peskind	United States

(d)	Title of Class of Securities:	Common Stock

(e)	CUSIP Number:	25501G105

CUSIP No. 25501G105

13G/A

Page 7 of 9

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:

(a)	o	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)	o	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)	o	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8).

(e)	o	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)	o	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)	o	A parent holding company or control person in accordance with § 13d-1(b)(1)(ii)(G);

(h)	o	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	o	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15U.S.C. 80a-3);

(j)	o	Group, in accordance with §240.13d-1(b)(1)(ii)(J).

CUSIP No. 25501G105

13G/A

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Item 4.	Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)	Amount beneficially owned:	360,917

(b)	Percent of class:	8.11%

Calculation of percentage of beneficial ownership is based on 4,451,980 outstanding shares of the Issuer’s Common Stock on May 9, 2018.

(c)

Number of shares as to which the person has:

(i)	Sole power to vote or to direct the vote:	212,157

(ii)	Shared power to vote or to direct the vote:	148,760

(iii)	Sole power to dispose or to direct the disposition of:	212,157

(iv)	Shared power to dispose or to direct the disposition of:	148,760

Item 5.	Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.

Item 6.	Ownership of More than Five Percent on Behalf of Another Person.

The Accounts described above in Item 2 have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, securities held in their respective accounts. To the knowledge of the Reporting Persons, the interest in any such account does not exceed 5% of the class of securities. Except to the extent described herein, each Reporting Person disclaims beneficial ownership of all such securities.

Items 7 – 9.

Not Applicable.

CUSIP No. 25501G105

13G/A

Page 9 of 9

Item 10.	Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Section 230.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

	May 9, 2018
	Date

	JEFFREY PESKIND

	/s/ Jeffrey Peskind

	PHOENIX INVESTMENT ADVISER LLC

	/s/ Jeffrey Peskind
	Name:	Jeffrey Peskind
	Its:	Managing Member

	JLP CREDIT OPPORTUNITY MASTER FUND LTD

	/s/ Jeffrey Peskind
	Name:	Jeffrey Peskind
	Its:	Director

	JLP PARTNERS MASTER FUND LP

	By: Phoenix Capital Management LLC, its General Partner

	/s/ Jeffrey Peskind
	Name:	Jeffrey Peskind
	Its:	Managing Member