Walter Investment Management Corp. Announces The Completion Of $825 Million Incremental First Lien Term Loan Facility

 Walter Investment Management Corp. Announces The Completion Of $825 Million
                  Incremental First Lien Term Loan Facility

PR Newswire

TAMPA, Fla., Jan. 24, 2013

TAMPA, Fla., Jan. 24, 2013 /PRNewswire/ -- Walter Investment Management Corp.
(NYSE: WAC) ("Walter Investment" or the "Company") announced today that it has
completed the arrangement of it's incremental first lien term loan facility
which was upsized due to significant demand from its original $475 million

Credit Suisse Securities (USA) LLC, Morgan Stanley Senior Funding Inc. and
Merrill Lynch, Pierce, Fenner & Smith Incorporated assisted the Company with
the arrangement of an incremental $825 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 to fund
previously announced acquisitions of mortgage servicing rights (MSRs), to pay
related transaction costs and expenses and for working capital and general
corporate purposes. The financing represents the completion of all necessary
financings for committed projects including the ResCap and Bank of America MSR
purchases and provides substantial remaining liquidity for the Company.

Mark J. O'Brien, Walter Investment's Chairman and Chief Executive Officer,
said, "As a result of favorable conditions in the debt markets and strong
reception of the Walter Investment credit, we were able to upsize the
incremental facility to obtain the necessary funding for the acquisition of
the Bank of America MSRs at very attractive terms. We are very pleased by the
substantial support we received from the lender group as well as with the
competitive terms of the facility and associated attractive cost of capital.
We remain optimistic about the solid fundamentals in our sector and look
forward to continuing our strong track record of growth and returns to all of
our stakeholders."

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, Whitney Finch, Vice President of Investor
Relations, +1-813-421-7694,
Press spacebar to pause and continue. Press esc to stop.