Walter Investment Management Corp. Announces Closing of Common Stock Offering

TAMPA, Fla., Oct. 21 /PRNewswire-FirstCall/ -- Tampa, Florida based Walter
Investment Management Corp. (NYSE Amex: WAC) a mortgage servicer and mortgage
portfolio owner, which operates as a real estate investment trust ("REIT")
specializing in subprime, non-conforming and other credit-challenged
residential loans announced today that it closed its common stock offering of
5,750,000 shares (which includes 750,000 shares of common stock purchased by
the underwriters pursuant to their over-allotment option) at $14.25 per share.
Walter Investment expects the net proceeds from the offering, including the
exercise of the over-allotment option, after deducting underwriting discounts
and commissions and estimated offering expenses, to be approximately
$76,900,000.

Net proceeds from the offering will be used to acquire residential loans and
for other general corporate purposes. The joint bookrunning managers for the
offering are Credit Suisse and SunTrust Robinson Humphrey. The co-managers
for the offering are JMP Securities LLC, Keefe Bruyette & Woods, Sterne, Agee
& Leach, Inc., FBR Capital Markets and Davenport & Company LLC.

These shares were issued pursuant to a registration statement declared
effective by the Securities and Exchange Commission on October 16, 2009. This
press release does not constitute an offer to sell or a solicitation of an
offer to buy any securities, nor shall there be any sale of these securities
in any jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. The offering of common stock referenced in this press
release is made only by means of a prospectus forming part of the effective
registration statement.

A printed copy of the prospectus relating to the offering of these securities
may be obtained by contacting Credit Suisse (USA) Securities LLC, One Madison
Avenue, 1B, New York, N.Y. 10010-3629, or by calling 1-800-221-1037 or by
contacting SunTrust Robinson Humphrey, Inc., 3333 Peachtree Road NE, Atlanta,
GA 30326, Attn: Prospectus Department, Phone: 404-926-5744, Email:
prospectus@rhco.com. The prospectus relating to the offering was also filed
with the Securities and Exchange Commission's website at http://www.sec.gov/.

Safe Harbor Statement

Certain statements in this release may constitute "forward-looking" statements
as defined in Section 27A of the Securities Act of 1933, as amended. Walter
Investment Management Corp. is including this cautionary statement to make
applicable and take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Statements that are not historical
fact are forward-looking statements. The use of words such as "expect,"
"anticipate," "project," "estimate," "forecast," "objective," "plan," "goal"
and similar expressions is intended to identify forward looking statements.
Such forward-looking statements involve known and unknown risks, uncertainties
and other important factors that could cause the actual results, performance
or achievements, to differ materially from future results, performance or
achievements. The forward-looking statements are based on Walter Investment
Management Corp.'s current belief, intentions and expectations. These
statements are not guarantees or indicative of future performance. Walter
Investment Management Corp.'s future financial condition and results of
operations, as well as any forward-looking statements, are subject to change
and inherent risks and uncertainties. These risks and uncertainties are
contained in the Risk Factors described in Walter Investment Management
Corp.'s Registration Statement on Form S-11 (as amended) filed with the
Securities and Exchange Commission. Walter Investment Management Corp.
undertakes no obligation to update its forward-looking statements as of any
future date. In addition, the following important factors and assumptions
could affect Walter Investment Management Corp.'s future results and could
cause actual results to differ materially from those expressed in the forward
looking statements:

-- That there is sufficient interest from investors to acquire the
quantity
of shares necessary to meet our expectations;
-- Walter Investment Management Corp.'s continued qualification as a REIT
for federal income tax purposes;
-- Local, regional, national and global economic trends and developments
in
general; and local, regional and national real estate and residential
mortgage market trends and developments in particular;
-- Financing sources and availability, and future interest expense;
-- Changes in federal, state and local policies, laws and regulations
affecting mortgage financing or servicing;
-- Anticipated business development activities and future capital
expenditures; and

-- Future performance generally.

All forward looking statements set forth herein are qualified by these
cautionary statements and are made only as of the date hereof. Walter
Investment Management Corp. undertakes no obligation to update or revise the
information contained herein whether as a result of new information,
subsequent events or circumstances or otherwise, unless otherwise required by
law.

SOURCE Walter Investment Management Corp.

Investors and Media: Whitney Finch, Director of Investor Relations,
+1-813-421-7694, wfinch@walterinvestment.com