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News Breaks | | | | November 21, 2012 | | 10:50 EDT |  | WAC | Walter 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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News For WAC From The Last 14 Days Check below for free stories on WAC the last two weeks. |
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| June 6, 2013 | | 14:13 EDT | | WAC | Walter Investment unit enters master repurchase agreement with Bank of America
Walter Investment Management (WAC) disclosed in a regulatory filing that on May 31 its wholly owned indirect subsidiary Green Tree Servicing entered into a Master Repurchase Agreement, or “Warehouse Agreement," with Bank of America. In addition, pursuant to the terms of their agreement, the company provided Bank of America with a guaranty in order to support Green Tree’s obligations under the agreement. The agreement provides for a maximum aggregate purchase price of $500M, $250,000 of which is provided by Bank of America on a committed basis, the filing stated. | |
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