Walter Investment Management Corp (NYSE:WAC)

18.54
Data as of Dec 19
 -0.09 / -0.48%
Today’s Change
15.94
Today|||52-Week Range
38.95
-47.57%
Year-to-Date
SECTOR
Finance
INDUSTRY
Investment Managers
MARKET CAP
$699.1M

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 five business segments: Servicing, 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 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

Other institutional89.18%
Individual stakeholders4.53%
Mutual fund holders18.16%

Top Executives

Mark J. O'BrienChairman & Chief Executive Officer
Gary L. TillettChief Financial Officer & Executive Vice President
William J. BatikDirector-Information Technology
Denmar John DixonVice Chairman, Chief Investment Officer & EVP
Kimberly Ann PerezChief Accounting Officer & Senior Vice President

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