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Walker & Dunlop, Inc. (WD)

- NYSE
  • Tue, Mar. 17, 8:52 AM
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  • Mon, Mar. 16, 4:23 PM
    • Walker & Dunlop (NYSE:WD) announces a secondary offering of 8.25M shares held by funds managed by affiliates of Fortress Investment Group (NYSE:FIG). WD will not receive any proceeds from the sale.
    • Fortress is selling another 3M shares to be purchased directly by Walker & Dunlop at the same price as the secondary offering price.
    • At the completion of these deals, Fortress will no longer hold any stock in WD.
    • Source: Press Release
    • Shares -2% after hours
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  • Tue, Feb. 24, 5:02 PM
    • The $177M loan portfolio with Sun Communities (NYSE:SUI) includes 13 manufactured housing communities across five states. The portfolio was comprised of eight loans purchased by Freddie Mac and five loans which were Fannie Mae assumptions.
    • The Freddie Mac loans were structured as 10-year fixed rate with 2 years of interest only. WD rate-locked the loans within one day of the submission of the application.
    • Source: Press Release
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  • Thu, Feb. 12, 6:06 AM
    • Walker & Dunlop (NYSE:WD): Q4 EPS of $0.50 beats by $0.01.
    • Revenue of $112.6M (+31.7% Y/Y) beats by $10.26M.
    • Press Release
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  • Thu, Jan. 29, 4:36 PM
    • Working on behalf of the borrower, WD structured a Freddie Mac 15-year fixed rate loan at 73% LTV for the purchase of the 436-unit Camden Club Apartments in Longwood, Florida. Walker & Dunlop closed four loans with this borrower in 2014.
    • Press release
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  • Mon, Jan. 5, 8:18 AM
    • The team of Ralph Lowen and Scott Becker will focus on originating market-rate and affordable multifamily loans, and healthcare loans out of WD's Denver office.
    • Prior to joining Walker & Dunlop Lowen served as principal of FHA Loan Originations at Prudential Mortgage, and Becker served as an account manager at Prudential Huntoon Paige.
    • Source: Press Release
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  • Dec. 22, 2014, 8:31 AM
    • The $23M acquisition loan is for Ballpark, a student housing complex in Austin, Texas. Prior to the loan, Walker & Dunlop (NYSE:WD) had provided bridge financing to the borrower, allowing a purchase on the courthouse steps.
    • The permanent financing is 10-year paper from Freddie Mac.
    • Source: Press Release
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  • Nov. 20, 2014, 11:19 AM
    • Walker & Dunlop (WD -7.2%) priced a public offering a 2M shares for Fortress Investment at $15.50 each. The underwriter greenshoe is for another 300K shares at that price.
    • Today's decline brings the stock to $15.15.
    • Source: Press Release
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  • Nov. 20, 2014, 9:15 AM
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  • Nov. 19, 2014, 4:45 PM
    • WD is lower by 3.3% after-hours on news of the offering, from which Walker & Dunlop will not receive any funds.
    • Source: Press Release
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  • Nov. 6, 2014, 6:05 AM
    • Walker & Dunlop (NYSE:WD): Q3 EPS of $0.47 beats by $0.13.
    • Revenue of $98.1M (+33.2% Y/Y) beats by $16.89M.
    • Press Release
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  • Oct. 21, 2014, 4:59 PM
    • The loan was for a manufactured housing community in Lakeland, FL, with WD working on behalf of the borrower to rate-lock the loan 15 days after receiving the signed loan application.
    • Press release
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  • Sep. 29, 2014, 5:07 PM
    • The seller is Johnson Capital, one of Walker & Dunlop's (NYSE:WD) largest mortgage banking correspondents. Johnson has a significant presence in the West and Southwest as well as long-standing relationships with life insurance companies, banks, and CMBS conduits.
    • As part of the deal, about $590M in HUD servicing will be added to WD's $40B servicing portfolio.
    • Terms of the cash and stock deal were not disclosed.
    • Source: Press Release
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  • Sep. 3, 2014, 8:45 AM
    • Freddie Mac's Direct Purchase of Tax-Exempt Loans initiative is aimed at boosting affordable rentals for lower income families, and making available reasonably-priced financing for tax-exempt multifamily properties.
    • Walker & Dunlop (NYSE:WD) today announces the closing of a $14.28M loan through this program for The Lakewoods, a 417-unit senior-housing community in Dayton, OH. About 95% of the units will receive subsidies under a HUD Senior Preservation Rental Assistance Contract.
    • Source: Press Release
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  • Aug. 27, 2014, 2:48 PM
    • Walker & Dunlop (WD -0.3%) originates a $10.575M loan on Longhaven Estates, a manufactured housing community (MHC) in Phoenix. It's the first loan done by anyone through Freddie Mac's manufactured housing loan offering, and the loan was able to be rate locked and funded less than 45 days after the application was submitted.
    • Source: Press Release
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  • Aug. 26, 2014, 8:47 AM
    • Walker & Dunlop (NYSE:WD) put together $72.2M of bridge, conduit, and mezzanine financing for the purchase of six Louisiana multifamily properties by Key Real Estate, a repeat WD client.
    • "This financing demonstrates the breadth of Walker & Dunlop's capabilities, which enabled us to customize three distinct financing structures into a seamless execution to meet our client's needs," says Jeff Goodman, EVP of Walker & Dunlop's proprietary capital group.
    • Source: Press Release
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Company Description
Walker & Dunlop Inc is a provider of commercial real estate finance, with a primary focus on multifamily lending. The Company originates, sells, and services a range of multifamily and other commercial real estate finance products.
Sector: Financial
Country: United States