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Stock Market & Financial Investment News

News Breaks
November 21, 2012
10:50 EDTWACWalter Investment announces bankruptcy court approval of ResCap bid
Walter Investment announced that its joint bid with Ocwen Loan Servicing for the mortgage servicing and origination platform assets of Residential Capital was approved by the U.S. Bankruptcy Court for the Southern District of New York. The transaction is expected to close in the first quarter of 2013. Under the joint bidding arrangement, Walter Investment Management Corp. will acquire the Fannie Mae mortgage servicing rights portion of ResCap's servicing portfolio.
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