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Walter Investment Management Corp (NYSE:WAC)

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21.72 +1.36 / +6.68%
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21.72 0.00 / 0.00%
 
Volume: 21.5K
SECTOR
Finance
INDUSTRY
Investment Managers
MARKET CAP
$768.2M

Company Description

Walter Investment Management Corp. operates as mortgage servicer, asset manager and portfolio owner, which specializes in subprime, non-conforming and other credit-challenged mortgage assets. It operates through six business segments: Servicing, Originations, Asset Receivables Management, Insurance, Loans and Residuals & Reverse Mortgage. The Servicing segment provides services for third-party investors in residential mortgages, manufactured housing and consumer installment loans and contracts. The Originations segment originates and purchases forward mortgage loans, which it generally sells to third parties while retaining the servicing rights. The Asset Receivables Management segment performs collections of post charge-off deficiency balances on behalf of securitization trusts and third-party asset owners. The Insurance segment provides voluntary and lender-placed hazard insurance for residential loans and also provides ancillary products. The Loans and Residuals segment consists of the assets and liabilities of the residual trusts, unencumbered residential loan portfolio and real estate owned. The Reverse Mortgage segment includes originations, aggregation and securitization activities and operations that perform servicing for third-party investors in reverse mortgage loans and other ancillary services for the reverse mortgage market. Walter Investment Management was founded in 1958 and is headquartered in Tampa, FL.

Contact Information

Walter Investment Management Corp.
3000 Bayport Drive
Tampa Florida 33607
P:(813) 421-7600
Investor Relations:
(813) 421-7694

Employees

Shareholders

Individual stakeholders28.42%
Mutual fund holders17.55%
Other institutional100.78%

Top Executives

Mark J. O'BrienChairman & Chief Executive Officer
Gary L. TillettChief Financial Officer & Executive Vice President
William J. BatikDirector-Information Technology
Brian F. CoreyChief Compliance Officer & Senior Vice President
Denmar John DixonVice Chairman, Chief Investment Officer & EVP