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Tag Archives: Walter Investment

Non-Bank Servicers Fall Short For Q2

Continuing an unfortunate trend for non-bank mortgage servicers in the second quarter of 2016, Walter Investment Management reported a net loss for the three-month period ending June 30, 2016.

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Florida Based Services Firm Reports Q2 Net Loss

Walter Investment Management Corp., a Tampa, Florida-based services business that offers solutions to owners of subprime and other asset-light mortgage platforms, announced in its quarterly financial report released on August 11 that the company experienced a GAAP net loss of $12.9 million for Q2 2014.

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Special Servicers Benefit from HARP; Future Uncertain

Three special servicers released their fourth quarter and year-end numbers, noting increases in revenue and increasingly active originations sectors. However, analysts remain concerned that the increased revenue, largely derived from government programs such as HARP, will stall as refinances slow down.

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