Tag Archives: Walter Investment Management Corp.

Walter is hoping to shed debt with a reorganization, and now Fitch has weighed in on whether the chapter 11 will affect subsidiary Ditech.

Walter Investment Managaement Corp., on Tuesday continued a trend observed among many non-bank servicers in the last year and the start of this year with a major loss to its first quarter earnings, particularly in its mortgage servicing and origination segments.

Walter Investment Management Corp., has agreed to pay $29.63 million to resolve allegations that the company and its subsidiaries submitted false reverse mortgage loan claims, the Justice Department announced on Friday.

Green Tree Servicing is merging with Ditech Mortgage Corp., according to an announcement on Thursday from Green Tree. The merge will be effective August 31, 2015.

Three special servicers—Nationstar, Ocwen, and Walter Investment Corp.—released their fourth-quarter and year-end earnings reports with revenue increases and increasingly active originations sectors. At least one group of analysts suggests special servicers might “become the next generation of non-prime originators,” according to a report earlier this year from Moody’s.

As part of our look back on 2013, theMReport.com reviewed some of the biggest wheelers and dealers in the MSR world over the last year.

Walter Investment Management Corp. announced Tuesday that its wholly owned subsidiary, Reverse Mortgage Solutions, Inc. (RMS), has acquired a reverse mortgage servicing portfolio containing more than 76,000 loans from Wells Fargo Home Mortgage. The portfolio has an unpaid principal balance of about $12.2 billion and is expected to transfer to RMS during the third quarter of 2013, Walter Investment said in a release. The transaction will double the size of Walter Investment's serviced book, according to CEO and chairman Mark J. O'Brien.

Residential Capital, LLC (ResCap) announced it has completed the sale of its servicing platform assets to Ocwen Loan Servicing, LLC.

Walter Investment Management Corp. has signed a definitive agreement to acquire Ally Bank's business lending operations.