Walter Investment Management (WAC) Posts Surprise Q1 Loss
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Walter Investment Management Corp. Announces First Quarter 2016 Highlights and Financial Results
May 3, 2016 6:30 AM EDTTAMPA, Fla., May 3, 2016 /PRNewswire/ -- Walter Investment Management Corp. (NYSE: WAC) ("Walter Investment" or the "Company") today announced operational highlights and financial results for the quarter ended March 31, 2016.
First Quarter 2016 Operational Highlights and Recent Developments
Earnings negatively impacted by significant rate decline in the quarter Launched major customer service and operating efficiency initiatives Total serviced portfolio of $275.7 billion UPB, 3% growth as compared to December 31, 2015; ranked nationally as a top 10 servicer(1) $17.5 billion of UPB added to the serviced book of business through a combination of approximately... More