Walter Investment Management Corp. Announces Closing Of Previously Announced MSR Acquisitions
TAMPA, Fla., March 31, 2014 /PRNewswire/ -- Walter Investment Management Corp. (NYSE: WAC) ("Walter Investment" or the "Company") today announced that it has received necessary approvals and has closed on two previously announced acquisitions of mortgage servicing rights (MSR) with, in aggregate, approximately $40 billion of unpaid principal balance (UPB).
Mark J. O'Brien, Chairman and CEO of Walter Investment said, "We are pleased to have closed on these transactions as we continue to build out our best in class servicing operations. We take our obligations as a servicer very seriously and will endeavor to continue to provide the highest level of service and solutions to support continued home ownership on behalf of the consumer and our clients."
About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and originator focused on finding solutions for consumers and credit owners. Based in Tampa, Fla., the Company has over 6,400 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company's website at www.walterinvestment.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Walter Investment's plans, beliefs, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Walter Investment's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2013, including without limitation under the heading " – The owners of certain loans we service or sub-service may, under certain circumstances, terminate our MSRs or sub-servicing contracts, respectively."
SOURCE Walter Investment Management Corp.