Walter Investment Buys $6.3M Loan Pool

Walter Investment Management Corp., which last week announced its acquisition of specialty servicing platform Marix Servicing, has completed the purchase of a pool of residential first-lien mortgages using $6.3 million of proceeds from its equity offering. This transaction completes the purchase of $20 million of loans previously disclosed as being under letters of intent.

The pool generally consists of performing, fixed- and adjustable-rate mortgages located within Walter Investment's southern U.S. geographic footprint.

SOURCE: Walter Investment Management Corp.

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