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News Breaks | | | | March 20, 2013 | | 08:07 EDT |  | WAC | Walter Investment upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Walter Investment to Buy from Neutral. The firm upgraded the stock based on valuation, as it believes that the sell-off in the shares yesterday was unwarranted. Price target to $45 from $50. | |
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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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