Walter Investment Management Corp. Announces Definitive Agreement To Acquire Servicing Platform From MetLife Bank, N.A.

 Walter Investment Management Corp. Announces Definitive Agreement To Acquire
                  Servicing Platform From MetLife Bank, N.A.

PR Newswire

TAMPA, Fla., Jan. 7, 2013

TAMPA, Fla., Jan. 7, 2013 /PRNewswire/ --Walter Investment Management Corp.
(NYSE MKT: WAC) ("Walter Investment" or the "Company") today announced a
definitive agreement to acquire the residential mortgage servicing platform,
including certain servicing related technology assets, of MetLife Bank, N.A.
located in Irving, Texas.The assets to be acquired do not include any
mortgage loans or mortgage servicing rights. Terms of the transaction were
not disclosed.

The Company anticipates that its wholly owned subsidiary, Green Tree Credit
Solutions, will employ approximately 300 of MetLife Bank's servicing employees
and anticipates it will continue to occupy the premises in Irving, Texas
currently occupied by the MetLife Bank mortgage servicing business. MetLife
Bank's servicing platform is currently servicing Fannie Mae, Freddie Mac and
Ginnie Mae mortgage loans with an approximate principal balance of $70 billion
and has significant additional, scalable capacity. The existing servicing
portfolio was recently sold by MetLife and the loans will be transferred to
the new owner prior to the closing of this transaction, which is projected for
March of 2013.

Based on the significant acquisitions recently announced by the Company and
expected continued growth opportunities, Walter Investment is developing a
robust dual-track residential mortgage servicing platform.This includes the
expansion of capacity in the Company's existing high-touch collections
platform, and the addition of an efficient, prime, agency-focused platform,
with expanded product capabilities.The Company expects to board a portion of
the newly acquired Bank of America MSR on the platform.

Mark J. O'Brien, Chairman and CEO of Walter Investment said, "We believe the
acquisition of the MetLife servicing platform, in conjunction with our
existing high-touch servicing capabilities, positions us very well to continue
to capitalize on the opportunities available in the mortgage servicing sector
by providing additional capacity to assist with projected portfolio growth.We
are very excited about adding the strong MetLife servicing management group
and their associates to our team. In addition, the platform also accelerates
our opportunities with respect to product diversity plans given its proven,
efficient Ginnie Mae and Freddie Mac capabilities."

About Walter Investment Management Corp.

Walter Investment Management Corp. is an asset manager, mortgage servicer and
originator focused on finding solutions for consumers and credit owners. Based
in Tampa, Fla., the Company has over 2,900 employees and services a diverse
loan portfolio.For more information about Walter Investment Management Corp.,
please visit the Company's website at

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements include, but
are not limited to, statements concerning Walter Investment's plans, beliefs,
objectives, expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based on Walter
Investment's current expectations and involve risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied in such forward-looking statements. Factors that could cause Walter
Investment's results to differ materially from current expectations include,
but are not limited to: the timely satisfaction of all conditions to close;
the efficient integration of the MetLife Bank residential servicing platform;
and other factors relating to our business in general as detailed in Walter
Investment's 2011 Annual Report on Form 10-K and other periodic reports filed
with the U.S. Securities and Exchange Commission. In addition, these
statements are based on a number of assumptions that are subject to change.
Accordingly, actual results may be materially higher or lower than those
projected. The inclusion of such projections herein should not be regarded as
a representation by Walter Investment that the projections will prove to be
correct. This press release speaks only as of this date. Walter Investment
disclaims any duty to update the information herein.

SOURCE Walter Investment Management Corp.

Contact: Investor and Media, Whitney Finch, Vice President of Investor
Relations, +1-813-421-7694,
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