- 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
Walter Investment and New Residential close MSR deal
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