Overview
Walter Investment Management does its best to collect from the credit-challenged. The firm owns and services residential mortgages (particularly those of the subprime and nonconforming variety) for itself as well as for government sponsored entities, government agencies, third-party securitization trusts, and other credit owners. Operating through subsidiaries Walter Mortgage Company; Hanover Capital; Marix Servicing; Ditech; and third-party
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Read More credit servicer Green Tree, Walter Investment Management services 2 million residential loan accounts with unpaid balances of $256 billion, making it one of the 10 largest mortgage servicers in the US. The firm also originates residential loans, including reverse loans. The firm filed for Chapter 11 bankruptcy in 2017 and is expected to emerged from it, less $800 million in debt overhang, in early 2018.
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Read More credit servicer Green Tree, Walter Investment Management services 2 million residential loan accounts with unpaid balances of $256 billion, making it one of the 10 largest mortgage servicers in the US. The firm also originates residential loans, including reverse loans. The firm filed for Chapter 11 bankruptcy in 2017 and is expected to emerged from it, less $800 million in debt overhang, in early 2018.
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Nondepository Credit Intermediation
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Credit Intermediation and Related Activities
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Finance and Insurance
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Mortgage bankers and loan correspondents
Activities Related to Credit Intermediation
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Agencies, Brokerages, and Other Insurance Related Activities
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Depository Credit Intermediation
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Insurance Carriers
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Insurance and Employee Benefit Funds
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Monetary Authorities-Central Bank
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Other Financial Investment Activities
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Other Investment Pools and Funds
View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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View more , Securities and Commodity Contracts Intermediation and Brokerage Securities and Commodity Exchanges
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Contacts
Get in Touch with 5 Principals* and 51 Contacts
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Thomas F MaranoChairman of the Board and President and Chief Executive Officer
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Financial Data
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Financial data as of ? (12 month period) in USD
Annual Revenue
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USD
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All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Net Operating Cash | $712 | $452 | -$48 |
| Net Investing Cash | $1,552 | $700 | -$455 |
| Net Financing Cash | -$2,295 | -$1,130 | $386 |
| Net Change in Cash | -$30 | $22 | -$117 |
| Cash at Beginning of Period | $429 | $203 | $320 |
| Cash at End of Period | $399 | $225 | $203 |
| Capital Expenditure | -$6 | -$33 | -$293 |
| Assets (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $288 | $225 | $203 |
| Accounts Receivable | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Current Assets | $ | $ | $ |
| Asset Summary | |||
| Total Current Assets | $ | $ | $ |
| Tangible Fixed Assets | $50 | $83 | $106 |
| Intangible Assets | $782 | $1,041 | $1,873 |
| Total Assets | $14,164 | $16,459 | $18,549 |
| Liabilities (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $163 | $165 | $604 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $ | $ | $ |
| Liability Summary | |||
| Total Current Liabilities | $ | $ | $ |
| Long-Term Debt | $3,610 | $4,473 | $4,549 |
| Other Long-Term Liabilities | $ | $ | $ |
| Total Liabilities | $14,613 | $16,483 | $17,745 |
| Stakeholder's Equity (mil) | 2017 | 2016 | 2015 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$1,049 | -$622 | $212 |
| Equity Summary | |||
| Total Equity | -$449 | -$24 | $805 |
| Shares Outstanding | 37,373,616 | 36,391,129 | 35,573,405 |