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Stock Market & Financial Investment News

News Breaks
February 18, 2013
18:10 EDTWACWalter Investment buys Ally's correspondent lending/wholesale broker businesses
Walter Investment Management announced it has signed a definitive agreement to acquire the correspondent lending and wholesale broker businesses of Ally Bank. Upon the completion of the transaction, the Company anticipates it will employ approximately 300 of the correspondent lending and wholesale broker businesses' employees. Terms of the transaction were not disclosed. Mark J. O'Brien, Chairman and CEO of Walter Investment said, "This transaction brings to Walter Investment a team of knowledgeable, experienced employees with which to pursue correspondent lending opportunities, using the outstanding capabilities resident in the recently acquired ResCap originations platform. We look forward to working with this team as we execute on our strategic plans for the originations business."
News For WAC From The Last 14 Days
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March 18, 2015
11:44 EDTWACOcwen reopens after announcing MSR deal with Walter Investment
Ocwen (OCN) shares are up fractionally shortly after reopening for trading.
11:37 EDTWACWalter Investment jumps 7% after subsidiary agrees to buy MSRs from Ocwen
11:36 EDTWACOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree
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11:35 EDTWACOcwen intends to sell $9.6B portfolio of mortgage servicing rights to Green Tree

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