Last $18.87 USD
Change Today +0.03 / 0.16%
Volume 39.3K
WAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 10:26 AM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

walter investment management (WAC) Snapshot

Open
$18.62
Previous Close
$18.84
Day High
$18.96
Day Low
$18.54
52 Week High
12/10/13 - $40.12
52 Week Low
11/6/14 - $15.94
Market Cap
707.8M
Average Volume 10 Days
728.2K
EPS TTM
$1.02
Shares Outstanding
37.7M
EX-Date
09/20/11
P/E TM
18.5x
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., 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.

6,600 Employees
Last Reported Date: 11/6/14
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. Presents at 4th Annual Credit Suisse group Mortgage REIT & Specialty Finance Conference, Nov-19-2014

Walter Investment Management Corp. Presents at 4th Annual Credit Suisse group Mortgage REIT & Specialty Finance Conference, Nov-19-2014 . Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, NY 10010, United States.

Walter Investment Management Corp. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Year 2014

Walter Investment Management Corp. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter, the company reported total revenues of $386,000,000 against $489,167,000 a year ago. Income before income taxes $12,681,000 against $120,818,000 a year ago. Adjusted earnings before taxes were $59,264,000 against $95,771,000 a year ago. Adjusted earnings after tax were $36,200,000 or $0.96 per diluted share against $58,400,000 or $1.55 per diluted share a year ago. Adjusted EBITDA was $152,018,000 against $160,775,000 a year ago. Net loss was $70,803,000 or $1.88 per basic and diluted share against net income of $72,689,000 or $1.90 per diluted share a year ago. EBITDA was $71,400,000 against $172,600,000 a year ago. Total revenue for the third quarter of 2014 declined $103.2 million as compared to the third quarter of 2013, primarily related to a $55.3 million decline in net servicing fees and revenues primarily comprised of a $76.1 million decrease in the fair value of mortgage servicing rights offset by $22.9 million increase in servicing revenue and fees due to growth in the third-party servicing portfolio in the company's Servicing business, a $26.2 million decline in net gains on sales of loans reflecting lower locked volumes and a shift in mix to the lower margin correspondent channel in the current quarter in the Originations business and a $14.3 million decline in insurance revenue due to the loss of commissions earned on GSE lender placed policies beginning June 1, 2014. For the nine months, the company reported total revenues of $1,169,661,000 against $1,399,660,000 a year ago. Loss before income taxes was $10,280,000 against income before income taxes of $405,913,000 a year ago. Adjusted earnings before taxes were $269,244,000 against $391,562,000 a year ago. Adjusted EBITDA was $519,215,000 against $562,913,000 a year ago. Net loss was $66,355,000 or $1.76 per basic and diluted share against net income of $243,670,000 or $6.37 per diluted share a year ago. The company revised earnings guidance for the year 2014. For the year, the company announced that based on the company’s performance through the third quarter of 2014 and outlook for its key segments through the remainder of the year, the company has revised its previously provided outlook for 2014. The company now estimates adjusted EBITDA will be approximately $650 million and adjusted earnings per share after tax will be approximately $5.00. Previously, the company expected fiscal year 2014 results to be in the low-to-mid point range, with adjusted EBITDA seen between $650 million and $725 million and adjusted diluted EPS expected between $5.25 and $6.25.

Walter Investment Management Corp. to Report Q3, 2014 Results on Nov 06, 2014

Walter Investment Management Corp. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Nov 06, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WAC:US $18.77 USD -0.07

WAC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Flagstar Bancorp Inc $15.45 USD +0.05
Nationstar Mortgage Holdings Inc $30.22 USD +0.36
Newcastle Investment Corp $4.82 USD +0.08
PennyMac Financial Services Inc $15.88 USD +0.04
RAIT Financial Trust $7.27 USD 0.00
View Industry Companies
 

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 40.1x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WALTER INVESTMENT MANAGEMENT, please visit www.walterinvestment.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.