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Walter Investment Management Corp (WAC)

WAC on New York Consolidated

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20 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Walter Investment Management says entered into a clean-up call agreement with Capital One, National Association​
Friday, 13 Oct 2017 04:30pm EDT 

Oct 13 (Reuters) - Walter Investment Management Corp -:Walter Investment Management Corp - ‍on October 1, unit of co entered into a clean-up call agreement with Capital One, National Association​.Walter Investment Management Corp - ‍pursuant to agreement, company paid an inducement fee in amount of $36.5 million to Capital One - SEC filing​.Walter Investment Management-‍capital One agreed to assume co's mandatory obligation to exercise clean-up calls for 8 asset-backed securitization deals.Walter Investment Management-‍ 8 asset-backed securitization deals related to separate Greenpoint Credit manufactured housing contract trusts​.  Full Article

Walter Investment Management says co entered into a commitment letter with Barclays Bank
Tuesday, 19 Sep 2017 05:51pm EDT 

Sept 20 (Reuters) - Walter Investment Management Corp :Walter Investment Management Corp - on September 13, Walter Investment Management Corp entered into a commitment letter with Barclays Bank PLC - SEC filing.Walter Investment Management Corp - ‍Barclays has committed to provide company with an upsize of facilities with a maximum increase amount of $300 million.Walter Investment Management Corp - company may effectuate upsize as an increase of up to $150 million to Ditech facility and up to $150 mln to RMS facility.Walter Investment Management Corp - ‍conjunction with any amendment to effectuate upsize, termination date of facilities will be extended to Aug 25, 2018.​.  Full Article

Walter Investment Management and requisite term lenders entered into second amendment to RSA on August 22, 2017
Monday, 28 Aug 2017 05:17pm EDT 

Aug 28 (Reuters) - Walter Investment Management Corp :Walter Investment Management Corp - ‍on August 22, 2017, company and requisite term lenders entered into second amendment to RSA - SEC filing​.Walter Investment Management Corp - ‍amendment no. 2 revised escrow provisions of RSA to provide that full escrow amount be released on August 23, 2017​.Walter Investment Management Corp - ‍amendment no. 2 to provide that escrow amount be applied to term loans as a voluntary prepayment.  Full Article

Walter Investment Management Q2 GAAP loss per share $2.58
Wednesday, 9 Aug 2017 04:22pm EDT 

Aug 9 (Reuters) - Walter Investment Management Corp :Walter Investment Management Corp announces second quarter 2017 highlights and financial results.Q2 GAAP loss per share $2.58.Q2 earnings per share view $-0.61 -- Thomson Reuters I/B/E/S.Q2 revenue $208.8 million.  Full Article

Walter Investment Management Corp announces agreement on deleveraging transactions - enters into restructuring support agreement with certain lenders, and announces waivers from certain lenders
Tuesday, 1 Aug 2017 05:14pm EDT 

Aug 1 (Reuters) - Walter Investment Management Corp :Walter Investment Management Corp. announces agreement on deleveraging transactions - enters into restructuring support agreement with certain lenders, and announces waivers from certain lenders and noteholders.Walter Investment Management-terms of proposed financial restructuring will include extension of credit agreement's maturity until June 2022​.Walter Investment Management-‍on July 31, consenting term lenders entered waiver pursuant to which they waived certain events of default under agreement​.Walter Investment Management-intends to use good faith efforts to negotiate over next 30 days RSA with holders of a sufficient holding of senior notes​.  Full Article

Walter Investment Management, on July 7, co obtained additional limited waiver to amended, restated receivables loan agreement, dated May 2, 2012
Friday, 7 Jul 2017 05:30pm EDT 

July 7 (Reuters) - Walter Investment Management Corp ::Walter Investment Management Corp - on july 7, co obtained additional limited waiver to amended, restated receivables loan agreement, dated may 2, 2012.Walter Investment Management Corp - waivers extend expiration dates of waiver from july 7, 2017 to july 31, 2017 - sec filing.  Full Article

Walter Investment Management obtained additional limited waiver to amended and restated receivables loan agreement
Monday, 12 Jun 2017 06:49am EDT 

June 12 (Reuters) - Walter Investment Management Corp :Walter Investment Management - on June 9, co obtained additional limited waiver to amended and restated receivables loan agreement, dated May 2, 2012.Walter Investment Management - certain of co's lenders effected reductions in advance rates &/ or have required other changes to terms of facilities.  Full Article

Walter Investment Q4 gaap loss per share $0.61
Tuesday, 14 Mar 2017 06:09am EDT 

Walter Investment Management Corp : Walter investment management corp. Announces full year and fourth quarter 2016 highlights and financial results . Q4 gaap loss per share $0.61 . Q4 revenue $444.1 million . Q4 earnings per share view $-0.35 -- Thomson Reuters I/B/E/S . Walter investment management- engaged weil, gotshal & manges llp,houlihan lokey to assist in reviewing potential actions we may take to reduce leverage .Q4 adjusted loss per share $1.10.  Full Article

Assurant acquires Green Tree Insurance Agency
Wednesday, 4 Jan 2017 06:30am EST 

Assurant Inc : Assurant acquires Green Tree Insurance Agency, Inc. . Assurant Inc - acquisition will have minimal impact to Assurant's gaap earnings in 2017. . Assurant Inc - deal for $125 million . Deal with a potential earnout of up to $25 million . Assurant Inc - expects deal to generate roughly $25 million of incremental annualized net earned premium and fee income in 2017 . Assurant Inc - Green Tree Insurance Agency will be an indirect, wholly-owned subsidiary of assurant with offices in Rapid city, SD and St. Paul, MN .Assurant Inc - agreed to acquire Green Tree Insurance Agency, Inc from a wholly-owned subsidiary of Walter Investment Management Corp.  Full Article

Walter Investment Management Corp. Announces Execution of MSR Purchase and Sale Agreement Relating to Sale of WCO Assets
Wednesday, 16 Nov 2016 06:15am EST 

Walter Investment Management Corp : Walter Investment -WCO agreed to sell to NRM MSRS relating to mortgage loans with unpaid principal balance of about $10 billion and sub-serviced by ditech . Walter Investment Management-Transactions relating to sale by WCO of substantially all of assets,expected to generate about $90 million in near-term cash proceeds . Walter Investment Management-Expected ditech to sub-service, under sub-servicing agreement with, NRM, both WCO MSRS,ditech MSRS following closing of deals .Press Release - Walter Investment Management Corp. announces execution of MSR purchase and sale agreement relating to sale of WCO assets.  Full Article

BRIEF-Walter Investment Management says entered into a clean-up call agreement with Capital One, National Association​

* Walter Investment Management Corp - ‍on October 1, unit of co entered into a clean-up call agreement with Capital One, National Association​