Last $29.31 USD
Change Today +0.20 / 0.69%
Volume 386.8K
WAC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 4:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

walter investment management (WAC) Snapshot

Open
$28.96
Previous Close
$29.11
Day High
$29.59
Day Low
$28.83
52 Week High
08/8/13 - $45.12
52 Week Low
05/6/14 - $24.00
Market Cap
1.1B
Average Volume 10 Days
440.3K
EPS TTM
$6.76
Shares Outstanding
37.6M
EX-Date
09/20/11
P/E TM
4.3x
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.

6,300 Employees
Last Reported Date: 05/8/14
Founded in 1958

walter investment management (WAC) Top Compensated Officers

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

walter investment management (WAC) Key Developments

Walter Investment Management Corp. Presents at Morgan Stanley Leveraged Finance Conference, Jun-12-2014 10:15 AM

Walter Investment Management Corp. Presents at Morgan Stanley Leveraged Finance Conference, Jun-12-2014 10:15 AM. Venue: Roosevelt Hotel, New Orleans, Louisiana, United States. Speakers: Denmar John Dixon, Vice Chairman and Chief Investment Officer.

Walter Investment Management Corp. Presents at Morgan Stanley Financials Conference, Jun-11-2014 09:10 AM

Walter Investment Management Corp. Presents at Morgan Stanley Financials Conference, Jun-11-2014 09:10 AM. Venue: Waldorf Astoria Hotel, New York, New York, United States. Speakers: Gary L. Tillett, Chief Financial Officer and Executive Vice President.

Walter Investment Seeks Acquisitions

Walter Investment Management Corp. (NYSE:WAC) is looking for acquisition opportunities. Denmar Dixon, Chief Investment Officer of Walter Investment said, “We are planning on doing it on an organic basis, not looking for growth through acquisitions. But we will keep our eyes open."

 

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WAC:US $29.31 USD +0.20

WAC Competitors

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Company Last Change
Flagstar Bancorp Inc $19.11 USD +1.71
Nationstar Mortgage Holdings Inc $33.33 USD -1.12
Newcastle Investment Corp $4.69 USD -0.05
PennyMac Mortgage Investment Trust $21.91 USD +0.22
PHH Corp $24.31 USD -0.15
View Industry Companies
 

Industry Analysis

WAC

Industry Average

Valuation WAC Industry Range
Price/Earnings 4.6x
Price/Sales 0.7x
Price/Book 0.9x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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