Investor Relations :: News Release
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|Walter Investment Management Corp. Announces Execution of MSR Purchase and Sale Agreement Relating to Sale of WCO Assets|
As previously announced, in a series of transactions relating to the sale of the WCO MSRs, NRM is expected to acquire from Ditech MSRs relating to mortgage loans with an unpaid principal balance of approximately
In addition, it is expected that Ditech will sub-service, on behalf of, and under its existing sub-servicing agreement with, NRM, both the WCO MSRs and Ditech MSRs following the closing of the transactions contemplated in the MSRPSA and the related transaction documents, which transactions remain subject to various closing conditions, including government-sponsored entity approval.
"As I recently discussed on our third quarter earnings call, Walter Investment's leadership team is focused on taking actions to enable achievement of our business goals, and to that end we are pleased to announce the execution of the MSRPSA, which represents an important milestone with respect to the sale of substantially all of WCO's assets and the Company's goal of strengthening its balance sheet," said
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical fact are forward-looking statements. Certain of these forward-looking statements can be identified by the use of words such as "believes," "anticipates," "expects," "intends," "plans," "projects," "estimates," "assumes," "may," "should," "will," "seeks," "targets," or other similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, and our actual results, performance or achievements could differ materially from future results, performance or achievements expressed in these forward-looking statements. These forward-looking statements are based on our current beliefs, intentions and expectations. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2015 and in our Quarterly Reports on Form 10-Q for the quarterly periods ended
In addition, this press release may contain statements of opinion or belief concerning market conditions and similar matters. In certain instances, those opinions and beliefs could be based upon general observations by members of our management, anecdotal evidence and/or our experience in the conduct of our business, without specific investigation or statistical analyses. Therefore, while such statements reflect our view of the industries and markets in which we are involved, they should not be viewed as reflecting verifiable views and such views may not be shared by all who are involved in those industries or markets.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/walter-investment-management-corp-announces-execution-of-msr-purchase-and-sale-agreement-relating-to-sale-of-wco-assets-300363847.html
Kimberly Perez, SVP & Chief Accounting Officer, 813.421.7694, email@example.com
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