Last $16.67 USD
Change Today -2.29 / -12.08%
Volume 1.1M
WAC On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

walter investment management (WAC) Snapshot

Open
$18.02
Previous Close
$18.96
Day High
$18.02
Day Low
$16.60
52 Week High
03/19/14 - $31.02
52 Week Low
01/14/15 - $14.16
Market Cap
628.8M
Average Volume 10 Days
644.0K
EPS TTM
$0.31
Shares Outstanding
37.7M
EX-Date
09/20/11
P/E TM
53.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for WALTER INVESTMENT MANAGEMENT (WAC)

walter investment management (WAC) Related Businessweek News

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walter investment management (WAC) Details

Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry 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 investors in forward loans, as well as for on-balance sheet residential loans and real estate owned associated with forward mortgages. This segment offers services to various types of loans, such as forward residential mortgages, manufactured housing, and consumer installment loans and contracts. The Originations segment originates and purchases forward mortgage loans to third parties while retaining the servicing rights. The Reverse Mortgage segment primarily focuses on the origination, securitization, and servicing of reverse mortgage loans and a mortgage portfolio of federally-insured HECMs. This segment also performs servicing for third-party investors in reverse loans; and provides other ancillary services for the reverse mortgage market. The Asset Receivables Management segment collects post charge-off deficiency balances on behalf of third-party securitization trusts and other asset owners. The Insurance segment offers voluntary and lender-placed hazard insurance for residential loan customers, as well as other ancillary products to third parties through its insurance agency. The Loans and Residuals segment is engaged in the provision of assets and mortgage-backed debt of the residual trusts; and the unencumbered residential loan portfolio and real estate owned, which are associated with forward loans. Walter Investment Management Corp. was founded in 1958 and is based in Tampa, Florida.

Founded in 1958

walter investment management (WAC) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $575.0K
President of Green Tree Servicing, LLC
Total Annual Compensation: $333.0K
Vice Chairman, Chief Investment Officer and E...
Total Annual Compensation: $428.0K
Consultant
Total Annual Compensation: $430.0K
Compensation as of Fiscal Year 2013.

walter investment management (WAC) Key Developments

Walter Investment Management Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Walter Investment Management Corp. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's total revenues were $317,492,000 compared to $402,839,000 a year ago. Loss before income taxes was $109,060,000 compared to profit before income taxes of $6,905,000 a year ago. Adjusted loss before taxes was $3,477,000 compared to adjusted profit before income taxes of $50,457,000 a year ago. Adjusted EBITDA was $84,969,000 compared to $128,835,000 a year ago. Adjusted loss after taxes per diluted common and common equivalent share was $0.06 compared to earnings of $0.81 a year ago. For the year, the company's total revenues were $1,487,153,000 compared to $1,802,499,000 a year ago. Loss before income taxes was $119,340,000 compared to profit before income taxes of $412,818,000 a year ago. Net loss was $110,328,000 compared to net profit of $253,467,000 a year ago. Diluted loss per common and common equivalent share was $2.93 compared to earnings of $6.63 a year ago. Adjusted earnings before taxes was $265,767,000 compared to $442,019,000 a year ago. Adjusted EBITDA was $604,184,000 compared to $691,748,000 a year ago. Adjusted earnings after taxes per diluted common and common equivalent share was $4.31 compared to $7.15 a year ago.

Walter Investment Management Corp. to Report Q4, 2014 Results on Feb 26, 2015

Walter Investment Management Corp. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Feb 26, 2015

Walter Investment Management Corp., Q4 2014 Earnings Call, Feb 26, 2015

Walter Investment Management Corp., Q4 2014 Earnings Call, Feb 26, 2015

 

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WAC Competitors

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Flagstar Bancorp Inc $14.79 USD -0.07
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Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 0.6x
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