Last $16.73 USD
Change Today -0.15 / -0.89%
Volume 128.0K
WAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

walter investment management (WAC) Snapshot

Open
$16.80
Previous Close
$16.88
Day High
$16.99
Day Low
$16.51
52 Week High
12/26/13 - $36.67
52 Week Low
11/6/14 - $15.94
Market Cap
630.9M
Average Volume 10 Days
450.0K
EPS TTM
$1.02
Shares Outstanding
37.7M
EX-Date
09/20/11
P/E TM
16.5x
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.

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 Seeks Acquisitions

Walter Investment Management Corp. (NYSE:WAC) has filed a shelf registration in the amount of $1,500 million. Walter Investment said, "We will add the net proceeds from any sale of securities to which this prospectus relates to our general funds and will use them for general corporate purposes. General corporate purposes may include repayment of debt, acquisitions, additions to working capital, capital expenditures and investments in our subsidiaries."

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. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014

Walter Investment Management Corp. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.

 

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WAC:US $16.73 USD -0.15

WAC Competitors

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Company Last Change
Flagstar Bancorp Inc $15.61 USD +0.02
Nationstar Mortgage Holdings Inc $28.77 USD +1.59
Newcastle Investment Corp $4.68 USD -0.02
PennyMac Financial Services Inc $17.44 USD +0.06
RAIT Financial Trust $7.78 USD -0.03
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 39.5x
TEV/Sales NM Not Meaningful
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