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Walter Investment Management Corp (WAC)

WAC on New York Consolidated

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28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

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

New Residential Investment says offering 20 mln common shares
Thursday, 11 Aug 2016 06:50am EDT 

New Residential Investment Corp : New Residential announces pricing of public offering of common stock . Says offering 20 million common shares .Priced its public offering of 20 million shares of its common stock for gross proceeds of approximately $284.0 million.  Full Article

New Residential investment says offering 20.0 mln common shares
Wednesday, 10 Aug 2016 04:19pm EDT 

New Residential Investment Corp : New Residential announces public offering of common stock . Says offering 20.0 million common shares .Says offering 20.0 million common shares.  Full Article

Walter Investment Q2 adjusted EPS $0.07
Tuesday, 9 Aug 2016 06:00am EDT 

Walter Investment Management Corp : Walter Investment Management Corp. Announces second quarter 2016 highlights and financial results . Q2 earnings per share view $0.03 -- Thomson Reuters I/B/E/S . Q2 gaap loss per share $6.49 .Qtrly total revenues $187.5 million versus $412.4 million.  Full Article

Walter Investment Management names George Awad as interim CEO
Wednesday, 8 Jun 2016 06:30pm EDT 

Walter Investment Management Corp : Effective June 30, Denmar J. Dixon will resign as CEO and Director and assume an advisory role . Board has retained an outside firm to assist with permanent CEO search . Says Daniel G. Beltzman will step down as Chairman but remain on board of directors .Walter Investment Management Corp. names former senior General Electric and Citigroup executive, George M. Awad, executive chairman and interim CEO.  Full Article

Walter Investment Management Corp announces appointment of Denmar J. Dixon as chief executive officer and president
Monday, 5 Oct 2015 06:00am EDT 

Walter Investment Management Corp:Announces appointment of denmar j. dixon as chief executive officer and president.Says dixon succeeds mark j. o'brien, the company's chairman and CEO.Says o'brien has agreed to continue as chairman of the board of directors through year end.  Full Article

Walter Investment Management Corp to pay $29.63 mln in U.S. reverse mortgage settlement - Reuters
Thursday, 3 Sep 2015 08:00pm EDT 

Walter Investment Management Corp:Walter Investment Management Corp agreed to pay $29.63 million to resolve allegations that it submitted false claims related to a U.S. Department of Housing and Urban Development program that insures reverse mortgages - Reuters.The settlement announced on Friday by the U.S. Department of Justice resolved claims that Walter violated the federal False Claims Act through its servicing of mortgages insured under HUD's Home Equity Conversion Mortgages program - Reuters.The government alleged that Walter's Reverse Mortgage Solutions Inc unit from August 2009 to March 2015 submitted claims for interest payments to which it was not entitled - Reuters.It also alleged that Walter units from July 2010 to October 2014 submitted false claims to HUD for the reimbursement of unlawful referral fees by falsely representing them as lawful sales commissions, including through the use of straw companies to liquidate foreclosed properties - Reuters.Reverse mortgages let homeowners, typically the elderly, borrow against the equity in their homes, with no repayments required until the borrowers die or the homes are sold - Reuters.The HUD program offers reimbursements for reverse mortgages that are not fully repaid, provided that the servicers meet various regulatory requirements and deadlines - Reuters.The False Claims Act lets whistleblowers sue on the government's behalf, and share in recoveries - Reuters.  Full Article

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BRIEF-Walter Investment Q4 gaap loss per share $0.61

* Walter investment management corp. Announces full year and fourth quarter 2016 highlights and financial results