Mortgage servicing company Walter Investment Management (WAC +8.2%) continues a torrid run after...

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

Mortgage servicing company Walter Investment Management (WAC +8.2%) continues a torrid run after agreeing to purchase Reverse Mortgage Solutions for $120M. About 20% of the purchase will be paid for with Walter's loftily-priced stock, and management expects the deal to be "significantly accretive" to both earnings and cash flow. (PR)