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Walker & Dunlop, Inc. (WD)

  • Wed, May 20, 4:39 PM
    • Hot-handed multi-family financier Walker & Dunlop (NYSE:WD) gets another boost to growth with its Dallas office now approved under Freddie Mac's Program Plus network. The company is now eligible to sell  Freddie Mac loans secured by multifamily properties in Texas along with 22 other states.
    • WD has seen good action with Freddie Mac, moving from 1% of the GSE's annual originations in 2009 to 10% in 2014. The company's Q1 originations of $1.674B accounted for 16.7% of Freddie Mac's quarterly originations.
    • Source: Press Release
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  • Wed, May 6, 1:11 PM
    • The FHFA in January set a $30M annual cap on the amount of apartment mortgages Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC +0.4%) could back, but - with that limit set to be hit in Q3 - the agency is set to loosen that restriction, according to Bloomberg.
    • Without such a move, the two would have to begin cutting back on business - raising costs and limiting access for borrowers. Already, the two have been raising interest rates to try and slow the pace of activity.
    • Among the options for the FHFA would be simply raising the caps (sounds too simple). Also being considered would be broadening certain criteria to make more mortgages exempt from the limit.
    • Walker & Dunlop (WD +18.4%) is sharply higher on the session after reporting a big Q1, but surely won't mind hearing this news. Other commercial loan originators like HFF (NYSE:HF), iStar Financial (NYSE:STAR), and Ladder Capital (NYSE:LADR) may have interest as well.
    • Previously: Walker & Dunlop +7.2%: "The wave has hit" (May 6)
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  • Wed, May 6, 12:45 PM
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  • Wed, May 6, 7:49 AM
    • Q1 net income of $21.3M or $0.66 per share vs. $7.1M and $0.21 one year ago. Adjusted EBITDA of $35.4M up from $19.8M.
    • Loan origination volume of $4.3B up 175%.
    • "The wave has hit," says CEO Willy Walker, noting the company has been ramping up acquisitions of businesses and talent in anticipation of a commercial refinancing wave over the next few years.
    • Servicing portfolio of $46.1B up 18% Y/Y. Servicing fees of $26.8M up 15%.
    • Conference call at 8:30
    • Previously: Walker & Dunlop beats by $0.32, beats on revenue (May 6)
    • WD +7.2% premarket
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  • Wed, May 6, 6:06 AM
    • Walker & Dunlop (NYSE:WD): Q1 EPS of $0.66 beats by $0.32.
    • Revenue of $112.12M (+72.9% Y/Y) beats by $31.75M.
    • Press Release
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  • Thu, Apr. 30, 11:09 AM
    • The loans are in support of three multifamily properties totaling 2,175 units in Northern Virginia. The loans were brokered to Walker & Dunlop (WD -0.5%) through Meridian Capital Group and Eastdil Secured.
    • Source: Press Release
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  • Thu, Apr. 23, 10:46 PM
    • Dunkin' Brands (NASDAQ:DNKN) will replace Riverbed Technology (set to be acquired) in the S&P MidCap 400 after Monday's close. Walker & Dunlop (NYSE:WD) will replace Entropic Communications (also set to be acquired) in the S&P SmallCap 600 after the April 30 close.
    • Dunkin' rose to $52.71 in AH trading, after rising 7.9% in regular trading in response to its Q1 beat and guidance hike. Walker & Dunlop rose to $19.34.
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  • Tue, Apr. 21, 4:36 PM
    • Engler Financial Group is an investment advisory and brokerage firm providing investment sales services to owners of multifamily properties in the southeast. It will now be known as Walker & Dunlop (NYSE:WD) Investment Sales, and the platform will be expanded nationally.
    • Over the last three years, Engler completed $2.2B in sales through 51 deals.
    • Source: Press Release
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  • Thu, Apr. 16, 4:41 PM
    • Chris Charboneau has joined WD's Chicago office as SVP and Randy Efron has joined the New York office as VP. Both will be responsible for originating commercial financing opportunities nationwide and report to Geoff Smith, managing director and head of commercial originations.
    • Business must be good- after a tough year-plus run, the stock is higher by about 50% since late September.
    • Source: Press Release
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  • Wed, Apr. 1, 2:58 PM
    • Walker & Dunlop (WD +1%) originates $670M in loans secured by a 52-property portfolio owned by New Senior Investment Group (SNR). The loans were 7-year ARMs under the Freddie Mac Seller/Servicer Program.
    • For New Senior, the deal funded the refinancing of 35 assets plus the acquisition of 17 new properties.
    • Source: Press Release
  • 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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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