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Last $16.31 USD
Change Today -0.17 / -1.03%
Volume 147.4K
WAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

walter investment management (WAC) Snapshot

Open
$16.65
Previous Close
$16.48
Day High
$16.65
Day Low
$16.16
52 Week High
06/24/14 - $30.75
52 Week Low
01/14/15 - $14.16
Market Cap
615.4M
Average Volume 10 Days
164.3K
EPS TTM
$-0.96
Shares Outstanding
37.7M
EX-Date
09/20/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for WALTER INVESTMENT MANAGEMENT (WAC)

walter investment management (WAC) Related Businessweek News

No Related Businessweek News Found

walter investment management (WAC) Details

Walter Investment Management Corp., a diversified mortgage banking firm, focuses primarily on the servicing and origination of residential loans in the United States. The company operates through six segments: Servicing, Originations, Reverse Mortgage, Asset Receivables Management, Insurance, and Loans and Residuals. The Servicing segment performs services for third-party credit owners of mortgage loans, as well as its mortgage loan portfolio. The Originations segment originates and purchases mortgage loans for third parties while retaining the servicing rights. The Reverse Mortgage segment primarily focuses on the origination, securitization, and servicing of reverse loans. This segment also performs servicing for third-party credit owners of reverse loans; and provides other services for the reverse mortgage market. The Asset Receivables Management segment collects post charge-off deficiency balances for itself and on behalf of third-party securitization trusts and other asset owners. The Insurance segment offers voluntary insurance for residential loan borrowers, and lender-placed hazard insurance for borrowers and credit owners, as well as other ancillary products through its insurance agency. The Loans and Residuals segment engages in the provision of assets and mortgage-backed debt of the residual trusts; and an unencumbered mortgage loan portfolio and real estate owned. Walter Investment Management Corp. was founded in 1958 and is based in Tampa, Florida.

6,700 Employees
Last Reported Date: 02/26/15
Founded in 1958

walter investment management (WAC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $575.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.0M
President of DT Holdings LLC
Total Annual Compensation: $360.0K
President of Green Tree Servicing LLC
Total Annual Compensation: $333.0K
Chief Legal Officer, General Counsel and Secr...
Total Annual Compensation: $1.1M
Compensation as of Fiscal Year 2014.

walter investment management (WAC) Key Developments

Walter Investment Management Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Walter Investment Management Corp. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $310.857 million against $369.948 million a year ago. Loss before income taxes was $49.678 million against income before income taxes of $28.965 million a year ago. Net loss was $31.008 million or $0.82 per basic and diluted share against net income of $17.377 million or $0.45 per basic and diluted share a year ago. Adjusted EBITDA was $162.696 million against $167.801 million a year ago. Adjusted earnings before taxes were $61.792 million against $95.054 million a year ago. Adjusted earnings after tax were $38.3 million or $1.02 per share against $58.0 million or $1.53 per share a year ago. Total revenue for the first quarter of 2015 was a decrease of $59.1 million as compared to the first quarter of 2014, primarily related to an $81.9 million decline in net servicing fees and revenues comprised of an $81.6 million greater fair value charge for mortgage servicing rights. Total revenue also reflects a $9.3 million decline in insurance revenue due to the loss of commissions earned on GSE lender-placed policies beginning June 1, 2014, offset by a $21.2 million increase in net gains on sales of loans reflecting higher locked volumes due to strong execution gains in a low interest rate environment in the current quarter and a $13.5 million increase in net fair value gains on reverse loans. The 2015 quarter benefited from the impact of the sale of the company equity investment in a third-party reverse mortgage business of $14.4 million pretax, or $0.24 per share after tax. The GAAP net loss reflecting the impact of $44.5 million, or $1.18 per share of after-tax charges resulting from changes in valuation inputs and other assumptions used in the fair value of the assets and liabilities carried at fair value.

Walter Investment Seeks MSR Acquisitions

Walter Investment Management Corp. (NYSE:WAC) realized $220 million of proceeds to-date through the sale of certain of our non-core assets. They are currently evaluating the best uses of this excess cash, which could include adjustments to the capital structure through debt reductions and/or share repurchases, and MSR acquisitions or other investment opportunities.

Walter Investment Management Corp. to Report Q1, 2015 Results on May 07, 2015

Walter Investment Management Corp. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on May 07, 2015

 

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WAC:US $16.31 USD -0.17

WAC Competitors

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Company Last Change
Flagstar Bancorp Inc $18.80 USD +0.53
Nationstar Mortgage Holdings Inc $19.74 USD -0.18
Newcastle Investment Corp $5.08 USD -0.02
PennyMac Financial Services Inc $18.27 USD -0.24
PHH Corp $27.47 USD +0.03
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Industry Analysis

WAC

Industry Average

Valuation WAC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 0.6x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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