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Slide #76. Walter Investment Management Corp. — Servicing Platform From MetLife Bank, N.A.
Walter Investment Management Corp. (WAC)
Servicing Platform From MetLife Bank, N.A.
Walter Investment Management Corp. announced a definitive agreement to acquire the residential mortgage servicing platform, including certain servicing related technology assets, of MetLife Bank, N.A. located in Irving, Texas. The assets to be acquired do not include any mortgage loans or mortgage servicing rights. Terms of the transaction were not disclosed.
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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Sell (1.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
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