New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 7, 2013
07:56 EDTWAC, BACWalter Investment announces agreement to acquire $93B UPB of servicing assets
Walter Investment (WAC) announced that it has signed a definitive agreement to acquire approximately $93B of unpaid principal balance of Fannie Mae backed residential servicing assets, including related advance receivables of approximately $1B, from Bank of America (BAC). The purchase price for the mortgage servicing rights of $519M represents a multiple of approximately 2.05x the 27 basis point base contractual servicing fee of the portfolio. The related advance receivables will be purchased at par. The purchase price will be subject to customary adjustments, including an adjustment to actual UPB as of the January 31, 2013 closing date. The company expects the revenues from these MSRs to drive servicing EBITDA margins within its targeted range of 40% to 45% over the life of the portfolio. The Company expects a servicing EBITDA contribution of between $55M-$60M in 2013, and an average servicing EBITDA contribution of between $70M-$80M per year for the following two years.
News For WAC;BAC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 26, 2015
16:01 EDTBACOptions Update; May 26, 2015
Subscribe for More Information
09:47 EDTBACActives on open:
Subscribe for More Information
06:41 EDTBACJPMorgan, other banks close branches on border to avoid laundering, WSJ says
Subscribe for More Information
May 22, 2015
09:34 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL BABA AMZN FB MU BIDU SDRL BAC INTC EXPE CHK FEYE
May 21, 2015
16:00 EDTBACOptions Update; May 21, 2015
Subscribe for More Information
May 20, 2015
16:00 EDTBACOptions Update; May 20, 2015
iPath S&P 500 VIX Short-Term Futures up 3c to 19.19. Option volume leaders: AAPL AAL YHOO DAL FB BABA UAL BAC TWTR LUV C TSLA GE MU
08:21 EDTBACATM data theft soars to highest rate in two decades, WSJ says
Subscribe for More Information
May 19, 2015
18:01 EDTBACAflac names Matthew Owenby as Chief Human Resources Officer
Subscribe for More Information
16:01 EDTBACOptions Update; May 19, 2015
iPath S&P 500 VIX Short-Term Futures down 27c to 19.17. Option volume leaders: AAPL BAC WMT MSFT FB TWTR MNKD NFLX T PBR
09:37 EDTBACActive equity options trading on open
Subscribe for More Information
06:24 EDTBACU.S. Bancorp and Bank of America win dismissal of mortgage claims, Reuters says
Subscribe for More Information
May 18, 2015
16:00 EDTBACOptions Update; May 18, 2015
Subscribe for More Information
09:46 EDTBACMPLX enters common unit sales agreement for up to $500M
Subscribe for More Information
09:36 EDTBACActive equity options trading on open
Subscribe for More Information
May 15, 2015
16:01 EDTBACOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
10:15 EDTBACBank of America reports April default rate 2.93% vs. 2.94% last month
Subscribe for More Information
06:17 EDTBACBank of America CEO still struggles to move past financial crisis, WSJ reports
Five years into his job as Bank of America CEO, Brian Moynihan is still struggling to move past the financial crisis, which is testing his reputation as a "fixer" as well as the patients of investors who are concerned about his progress in turning the bank around, The Wall Street Journal reports. Reference Link
May 14, 2015
16:00 EDTBACOptions Update; May 14, 2015
Subscribe for More Information
May 13, 2015
09:39 EDTBACActive equity options trading on open
Subscribe for More Information
07:29 EDTBACUBS to hold a conference
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use