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Walter Investment Management (WAC) Posts Surprise Q1 Loss

May 3, 2016 8:41 AM EDT

Walter Investment Management (NYSE: WAC) reported Q1 EPS of ($0.50), $0.78 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $66.8 million versus the consensus estimate of $305.95 million.

The Q1 revenue drop was driven by $196.6 million lower net servicing revenue and fees... More