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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.
Read More »Non-Bank Servicers Fall Short For Q2
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The Week Ahead: What Does Q2 Hold For Walter Investment?
With Walter Investment Management Corp.taking a loss during Q1 and both Ocwen Financial Corp. and Nationstar Mortgage Holdings reporting net losses for Q2, all eyes will fall on Walter to see what their Q2 earnings report holds.
Read More »Rate Decline Zaps Walter Investment’s Profits
A rough 2015 for non-bank mortgage servicers has spilled over into 2016.
Read More »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.
Read More »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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