Walter Investment Management Buys $14.5M Loan Pool

Walter Investment Management Corp. has completed the purchase of a pool of residential first-lien mortgage loans utilizing proceeds from its equity offering. This purchase represents approximately $14.5 million of the $20 million previously disclosed as being under letters of intent.

The pool consists of performing, fixed- and adjustable-rate mortgages on single-family, owner-occupied residences primarily located within Walter Investment's existing southeastern U.S. geographic footprint.

SOURCE: Walter Investment Management Corp.

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