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Stock Market & Financial Investment News

News Breaks
January 7, 2013
07:56 EDTWACWalter Investment agrees to acquire servicing platform from MetLife Bank
Walter Investment announced a definitive agreement to acquire the residential mortgage servicing platform, including certain servicing related technology assets, of MetLife Bank, N.A. located in Irving, Texas. The assets to be acquired do not include any mortgage loans or mortgage servicing rights. Terms of the transaction were not disclosed.
News For WAC From The Last 14 Days
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June 6, 2013
14:13 EDTWACWalter 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.
June 4, 2013
10:10 EDTWACOn The Fly: Analyst Upgrade Summary
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05:48 EDTWACWalter Investment upgraded to Outperform from Market Perform at Wells Fargo
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