Walter Investment Management (WAC) Tops Q2 EPS by 4c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Walter Investment Management Corp. Announces Second Quarter 2016 Highlights And Financial Results
August 9, 2016 6:00 AM EDTTAMPA, Fla., Aug. 9, 2016 /PRNewswire/ -- Walter Investment Management Corp. (NYSE: WAC) ("Walter Investment" or the "Company") today announced operational highlights and financial results for the quarter ended June 30, 2016.
Second Quarter 2016 Operational Highlights and Recent Developments
Capital efficiency Entered into a series of agreements with a subsidiary of New Residential Investment Corp (NYSE: NRZ) for the sale of mortgage servicing rights for approximately $231 million, which Ditech will sub-service, and a forward flow arrangement for originated MSR Increased... MoreNew Residential and Walter Investment Announce Mortgage Servicing Rights Purchase Agreement and Subservicing Agreement
August 9, 2016 6:00 AM EDTNEW YORK & TAMPA, Fla.--(BUSINESS WIRE)-- New Residential Investment Corp. (NYSE:NRZ, New Residential) and Walter Investment Management Corp. (NYSE:WAC, Walter) today announced an agreement (the Purchase Agreement) for the purchase and sale of approximately $35 billion UPB of seasoned conventional mortgage servicing rights (MSRs) for a purchase price of approximately $231 million.
In addition, New Residential, Walter and Walter Capital Opportunity, LP have agreed in principle for the purchase and sale of substantially all of the assets of Walter Capital Opportunity, LP and its subsidiaries (WCO), along with certain related assets owned by Walter, which, collectively, represent approximately $37 billion UPB of MSRs... More
