Walter Investment Management Corp. Announces Plans For Incremental First Lien Facility

Walter Investment Management Corp. Announces Plans For Incremental First Lien

PR Newswire

TAMPA, Fla., Jan. 15, 2013

TAMPA, Fla., Jan. 15, 2013 /PRNewswire/ -- Walter Investment Management Corp.
(NYSE MKT: WAC) (the "Company") announced today it has engaged Credit Suisse
Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and Merrill Lynch,
Pierce, Fenner & Smith Incorporated to assist it with the arrangement of an
incremental $475 million facility to its existing $700 million senior secured
first lien term loan facility maturing on November 28, 2017. The Company
intends to use the proceeds of borrowings under the incremental facility to
the senior secured first lien term loan facility to fund the initial
installments for the purchase of the mortgage servicing rights ("MSRs")
related to the $93 billion in UPB of servicing from Bank of America, to pay
related transaction costs and expenses and for working capital and general
corporate purposes.

Mark J. O'Brien, Walter Investment's Chairman and Chief Executive Officer,
said, "We are confident in our ability to access the debt markets to obtain
the necessary funding for the acquisition of the Bank of America MSRs, which
enhances our ability to drive shareholder value at attractive terms. This is
in line with our expectations for the term loan facilities when they were
refinanced last fall. We believe we remain well-positioned to capitalize on
the continued secular shifts occurring in the mortgage sector. "

The incremental borrowings under the facility are expected to be secured by
liens on substantially all of the Company's assets.

Walter Investment's ability to obtain an incremental facility to its existing
senior secured first lien term loan will be subject to the receipt of
commitments from lenders to provide the facility, the negotiation and
execution of definitive loan documents and the satisfaction of other

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 document 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 achievement of anticipated EBITDA margin levels which can be
adversely affected by costs of our business that are higher than expected, the
inability to achieve anticipated incentive fees which are subject to factors
beyond the Company's control, customer take up rates of HARP refinancing and
other factors that may affect the Company's earnings or costs; the close of
the ResCap, Security One Lending, and other business and MSR acquisitions on
schedule and the efficient integration of the businesses and transfer of the
acquired MSRs to the Company's platforms; the accuracy of our assumptions as
to platform synergies and the addition of new business in 2013; 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 document
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 Contact: Whitney Finch, Vice President of Investor
Relations, +1-813-421-7694,
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