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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:31 EDTWACWalter Investment responds to FHA's actions in reverse mortgage program
CEO Mark O'Brien said, "We had anticipated this week's announced moratorium on the Full-draw HECM Reverse Mortgage product and have already begun moving customers towards other FHA HECM products. We applaud Commissioner Galante and the FHA for taking actions to reduce risk to both the FHA and borrowers and believe these actions will, in fact, help improve and sustain what is a very important mortgage product. We believe the reverse mortgage sector remains a very attractive growth opportunity for Walter Investment."
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