Walter Investment COO exiting

|About: Walter Investment Manage... (WAC)|By:, SA News Editor

EVP and COO Keith Anderson will stick around for ninety days to help assist with a search for his replacement and then with the transition. Originally joining Green Tree Servicing in 1995, Anderson has been COO of Walter Investment (WAC +2.6%) since 2012.

He leaves amid a rough patch for Walter and the non-bank servicing industry as a whole. WAC is off 20% YTD, 32% Y/Y, and 40% since the start of 2013.