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Walker & Dunlop, Inc. (WD)

- NYSE
  • 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
    | 1 Comment
  • 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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  • Aug. 6, 2014, 10:39 AM
    • Adjusted net income of $12.9M or $0.40 per share vs. $15.3M and $0.44 one year ago. Adjusted EBITDA of $20.9M vs. $14M.
    • Loan originations of $2.4B in Q2 off 7% Y/Y, but CEL Willy Walker notes the commercial loan refinancing market is down 23% and the GSEs' origination volume YTD is down 48%. Loan originations with Frannie up 12% and comprise 65% of all action in Q2.
    • Total revenue of $85.3M of 6% Y/Y, with a 17% decline in mortgage banking gains, partially offset by a big boost in net interest income from loans on the balance sheet. Servicing fees of $24M made up 28% of total revenue.
    • Gains from mortgage banking of $52.2 down from $63.1M a year ago. Loan origination fees of $29.5M down 15%. Gains from MSRs or $22.8M down 20%.
    • WD -2.1% 
    • Previously: Walker & Dunlop misses by $0.03, misses on revenue
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  • Aug. 6, 2014, 6:11 AM
    • Walker & Dunlop (NYSE:WD): Q2 EPS of $0.40 misses by $0.03.
    • Revenue of $85.3M (-6.0% Y/Y) misses by $3.44M.
    • Press Release
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  • Jul. 29, 2014, 5:01 PM
    • The portfolio of over 4.3K commercial loans has an average term of more than 10 years with 84% of the servicing fees protected from prepayment risk. The MSRs on the portfolio had a fair value of $432M as of June 30.
    • Walker & Dunlop (NYSE:WD) has a goal of generating 50% or more of revenue from servicing and asset management fees by the end of 2017. "Crossing the $40 billion mark is a significant step in achieving that goal," says CEO Willy Walker.
    • Source: Press Release
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  • Jun. 27, 2014, 9:01 AM
    • "There is a huge volume of commercial real estate loans set to mature between 2015 and 2017 that present a great opportunity for me and WD," says Charlotte-based VP Brett McGuire.
    • The company's existing Southeast region offices inclue Atlanta, Boca Raton, Nashville, New Orleans, Tampa, and Ft. Lauderdale.
    • Source: Press Release
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WD vs. ETF Alternatives
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