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Walter Investment and New Residential close MSR deal

Nov. 16, 2016 8:44 AM ETRithm Capital Corp. (RITM) StockBy: Stephen Alpher, SA News Editor37 Comments
  • Under the deal, New Residential (NYSE:NRZ) purchased MSRs with UPB of about $10B from Walter Investment's (WAC) Walter Capital Opportunity. The loans are subserviced by Walter's Ditech Financial.
  • Related to that sale, New Residential is expected to acquire from Ditech MSRs with a UPB of roughly $24B. In total, the deals are expected to generate about $90M in near-term cash proceeds for Walter.
  • Previous coverage

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