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Is It Time To Buy Walter Investment Management, Again?
Justin Kuepper • Mon, Jun 3 • 2 Comments
Walter Investment Management Is Hard Not to Like
Dr. Kris • Wed, Feb 24, 2010 • 4 Comments

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Walter Investment Management Management Discusses Q1 2013 Results - Earnings Call Transcript
Thu, May 9
Walter Investment Management's CEO Discusses Q4 2012 Results - Earnings Call Transcript
Tue, Mar 19
Walter Investment Management Management Discusses Q3 2012 Results - Earnings Call Transcript
Thu, Nov 8, 2012
Walter Investment Management Corp. - Analyst/Investor Day
Tue, Sep 11, 2012
Walter Investment Management Management Discusses Q2 2012 Results - Earnings Call Transcript
Thu, Aug 9, 2012

Walter Investment Management Corp. To Present At The 2013 Morgan Stanley Financials Conference

PR Newswire (Jun 11, 2013)
Walter Investment Management Corp. Announces Strong First Quarter 2013 Financial and Operating Results

PR Newswire (May 9, 2013)
Walter Investment Management Corp. Invites You To Join Its First Quarter 2013 Earnings Conference Call On The Web

PR Newswire (Apr 29, 2013)
Walter Investment Management Corp. Announces Acquisition Of Reverse Mortgage Servicing Rights From Wells Fargo Home Mortgage

PR Newswire (Apr 9, 2013)
Walter Investment Management Corp. Announces Results for the Fourth Quarter and Fiscal Year 2012, Guidance for 2013 and Recent Events

PR Newswire (Mar 18, 2013)
Walter Investment Management Corp. Invites You To Join Its Fourth Quarter And Full Year 2012 Earnings Conference Call On The Web

PR Newswire (Mar 8, 2013)
Walter Investment Management Corp. Announces Record Date For 2013 Annual Stockholders Meeting

PR Newswire (Feb 28, 2013)
Walter Investment Management Corp. Announces Definitive Agreement To Acquire Correspondent Lending And Wholesale Broker Businesses From Ally Bank

PR Newswire (Feb 18, 2013)
Walter Investment Management Corp. Closes On Purchase Of $132 Billion UPB Of Fannie Mae MSRs And Completes Acquisition Of ResCap Originations And Capital Markets Platform

PR Newswire (Jan 31, 2013)
Walter Investment Management Corp. Announces The Completion Of $825 Million Incremental First Lien Term Loan Facility

PR Newswire (Jan 24, 2013)
Walter Investment Management Corp. To Transfer Its Common Shares To The New York Stock Exchange

PR Newswire (Jan 17, 2013)
Walter Investment Management Corp. Announces Plans For Incremental First Lien Facility

PR Newswire (Jan 15, 2013)
Movers & Shakers: Monday’s biggest gaining and declining stocks

at MarketWatch.com (Jan 7, 2013)
Walter Investment Management Corp. Invites You To Join Its Conference Call On The Web Discussing The Bank of America MSR Acquisition

PR Newswire (Jan 7, 2013)
Financial Stocks: B. of A. rises on Fannie Mae settlement

at MarketWatch.com (Jan 7, 2013)
BofA Inks $10.4B Deal to End Fannie Mae Mortgage Battle

at Fox Business (Jan 7, 2013)
Walter Investment Management Corp. Announces Definitive Agreement To Acquire Servicing Platform From MetLife Bank, N.A.

PR Newswire (Jan 7, 2013)
Walter Investment Management Corp. Announces Definitive Agreement To Acquire $93 Billion UPB Of Servicing Assets

PR Newswire (Jan 7, 2013)
Walter Investment Management Corp. Announces Definitive Agreement To Acquire Security One Lending

PR Newswire (Jan 2, 2013)
Walter Investment Management Corp. Invites You to Join its Conference Call on the Web Discussing the FHA's Actions in its Reverse Mortgage Program

PR Newswire (Dec 20, 2012)

WAC vs. ETF Alternatives

Company Description

Currently, there's no company description for WAC.

Sector: Financial

Industry: Asset Management

Country: United States

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 3:33 PM Flagstar Bancorp (FBC) becomes the lastest bank to consider selling mortgage servicing rights, reportedly interviewing banks to manage the sale of more than $70B in MSRs. The business is lucrative once a certain scale is reached, but new rules force banks to hold more capital against MSRs, so lenders from BofA on down have been sellers. Specialty servicers like OCN, NSM, WAC, and NRZ aren't bound by such rules and have been happy buyers. Comment! [Financials]
Wednesday, May 22, 12:00 PM After more than tripling since its (unloved) IPO 14 months ago, Nationstar Mortgage (NSM) is the subject of a glowing writeup in Forbes - "A jewel in Fortress' (FIG) portfolio." Mortgage servicing is recognized as a great business now and Nationstar - along with Fortress-owned Newcastle (NCT, NRZ) - Ocwen (OCN) and Walter (WAC) are currently the favorites of the mortgage gorillas, Fannie and Freddie. 2 Comments [Financials]
Thursday, May 9, 9:10 AM Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%. 2 Comments [On the Move]
Thursday, May 9, 7:30 AM A Q4 earnings miss by Walter Investment (WAC) in March set off a savage selloff in it as well as sizable declines in the other mortgage servicers (OCN, NSM, HLSS), but it may not be so today. Walter +8.2% premarket after breezing past Q1 earnings estimates and reaffirming FY13 guidance. Conference call at 10 ET. (PR) Comment! [Earnings, Financials]
Thursday, May 9, 6:36 AM Walter Investment Management (WAC): Q1 EPS of $0.73 beats by $0.26. Revenue of $298.1M beats by $35.33M. (PR) Comment! [Earnings, Breaking News, Financials]
Thursday, May 9, 12:05 AM Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY Comment! [Earnings]
Wednesday, May 8, 5:30 PM Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY Comment! [Earnings]
Tuesday, May 7, 10:47 AM Mortgage servicers all move higher after a big earnings report from Nationstar (NSM +5.7%). Nationstar cousin Newcastle (NCT +2%), Ocwen (OCN +2.4%), Walter Investment (WAC +2.1%). Scale is key in the servicing business, and Nationstar has increased its UPB by an average 104% annually since 2008 (presentation). Another nice profit center is originations, and they're expected to more than triple this year, helped by the immediately accretive acquisition of Greenlight at 0.7x AEBITDA. 1 Comment [Financials, On the Move]
Monday, May 6, 10:02 AM More from the NY Attorney General: Schneiderman is set to sue Bank of America (BAC +2.2%) and Wells Fargo (WAC +0.3%) for "repeatedly violating" the terms of the $26B mortgage settlement, reports the NYT. At issue are improvements in servicing standards such as ending the bureaucratic nightmare of loan mods or foreclosure relief. Schneiderman's office has reportedly documented 210 violations against Wells, and 129 against BofA since October. 4 Comments [Financials]
Thursday, April 18, 11:48 AM More on Home Loan Servicing Solutions (HLSS +2.1%) Q1 earnings: "Our outlook on prepayment speeds ... has become increasingly positive fueled in part by Ocwen's continued success in resolving delinquent loans," says Chairman Bill Erbey (also OCN chairman). Not even lower interest rates and an improving housing market have altered the trend of lower prepayment speeds. Other servicers today: OCN -0.8%, NCT -2%, NSM +0.9%, WAC +1.7%. Comment! [Earnings, Financials]
Friday, April 12, 2:48 PM Buoyed yesterday by news the HARP program is being extended another two years, the mortgage services give it back today after JPMorgan and Wells Fargo report slowdowns in their mortgage business. OCN -3.4%, NSM -2.6%, WAC -3.2%, NCT -1.3%. One would think fewer refis would be a good thing, but they too - especially NSM - make money on originations. 1 Comment [Financials, On the Move]
Tuesday, March 26, 2:54 PM Fans of mortgage servicers have a look at how the sausage is made as Rob Chrisman passes along a couple of sales pitches for MSR portfolios. The servicers able to quickly scale up in size have an advantage as banks unload their portfolios for capital reasons and smaller outfits look to raise funds. After being savaged last week, NSM +6.1%, OCN +3%, and NCT +3.3% are bouncing. Comment! [Financials, On the Move]
Thursday, March 21, 10:22 AM Maybe what's really hurting the servicing companies (NSM, OCN, WAC, NCT, HLSS) the past few sessions is increased competition angling for a piece of the lucrative MSR business. Quicken Loans continues a speedy build-up of its servicing portfolio, bringing it to $90B with the purchase of $34B in MSRs from Ally Bank. 2 Comments [Financials]
Wednesday, March 20, 8:31 AM More on Walter Investment (WAC) (previous): "The underlying earnings power of Walter has not changed meaningfully as a result of the higher prepay speeds," says Credit Suisse, also defending the stock. Walter's dive yesterday spread through the whole servicing sector and may have made bargains of the high-flyers: OCN, NSM, HLSS, NCT. 3 Comments [Financials, On the Move, Quick Ideas]
Wednesday, March 20, 8:26 AM Walter Investment (WAC) gains 4.6% premarket after yesterday's 20% washout following an earnings miss. Calling the sell-off "clearly unwarranted," Sterne Agee upgrades to Buy. A check of the CC transcript finds management disclosing "material weakness" in certain internal controls amid the busy acquisition environment leading to a small accounting error. Comment! [Financials, On the Move, Quick Ideas]
Tuesday, March 19, 1:00 PM Midday top 10 gainers: EFUT +53%. ATOS +29%. GST +20%. KYTH +14%. DWCH +10%. NPSP +9%. SHIP +9%. CSTE +8%. OPXA +8%. LTRX +8%.
Midday top 10 losers: AFFY -64%. MTSL -33%. HNR -33%. WSCI -23%. WAC -19%. INTX -19%. STSI -17%. TWER -14%. CLWT -13%. GMXR -13%. Comment! [On the Move]

ltfinger
Potential Downgrades (4/4/13): $TD, $TDW, $THO, $THRX, $TPX, $TQQQ, $TYL, $UPRO, $WAC, $WAG, $WYN, $XONE
Apr 5, 12:47 PM
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ltfinger
Returning Downgrades (4/4/13): $IBN, $INDL, $INFY, $PRLB, $SATS, $TDW, $THO, $WAC
Apr 5, 12:39 PM
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ltfinger
Potential Upgrades (3/28/13): $ULTA, $USD, $UTX, $WAC, $ZMH
Apr 1, 9:16 AM
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George Liu
$WAC down nearly 20% on EPS of $0.64 compared to analyst estimate of $0.67. Really?
Mar 19, 3:19 PM
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Dividend Sheet
Stocks At New Highs With Best Dividend Yields July 2011 + http://t.co/uUHBKSX + $WAC $MVO $STAG $EPR $DUK $DPL $HTCO $AEC $REG $WGL $HME
7/13/11
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Dr. Kris
The REIT stuff: Mortgage REIT Walter Invstmt (WAC) losing REIT status due to acquisition of Green Tree Credit. Stock off 10%. (11% d/y)
3/28/11
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Patrick Harden
Walter Investment (WAC) to buy Green Tree Credit Solutions in $1 billion transaction, company expects to de-REIT in 2011.
3/28/11
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Patrick Harden
Walter Investment (WAC) had a solid Q4, but the gap between taxable and GAAP earnings remains a concern.
3/8/11
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Patrick Harden
Looking for a decline in agency mREITs to start the new year and a rotation to REIT taking on credit risk. Liking PMT ARI WAC CLNY and STWD
12/28/10
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Patrick Harden
Another solid quarter for Walter Investment Mgmt (WAC). This nonprime loan servicer & REIT trades below BV and sports an 11% yield.
11/3/10
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