Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 12:59 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #30. Walter Investment Management Corp. — Large national depository to acquire a pool of mortgage servicing rights
Acquirer:
Walter Investment Management Corp. (WAC)
Acquiree:
Large national depository to acquire a pool of mortgage servicing rights
Details:
Walter Investment Management Corp. (NYSE: WAC) ("Walter Investment" or the "Company") today announced that it has entered into a definitive agreement with a large national depository to acquire a pool of mortgage servicing rights ("MSRs") backed by Fannie Mae with an aggregate unpaid principal balance of approximately $30 billion.
Ditech Holding is a servicer and originator of mortgage loans. Co. services a range of loans across the credit spectrum for its own portfolio and for government sponsored enterprises, government agencies, third-party securitization trusts and other credit owners. Co.'s segments are: Servicing, which performs servicing for its mortgage loan portfolio and on behalf of third-party credit owners, performs subservicing for third-party owners, and operates complementary businesses including collections of post charge-off deficiency balances; and Originations, which originates and purchases mortgage loans through consumer originations, correspondent lending, and wholesale lending.
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Avg. Broker Rec.
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