Make us your home page
Instagram

Tampa's Walter Investment Management continues binge of mortgage deals

Tampa-based mortgage finance firm Walter Investment Management continued its acquisition binge of mortgages Monday with two major deals. The firm said it agreed to buy about $93 billion of Fannie Mae-backed residential servicing assets, consisting of more than 650,000 loans with unpaid balances, from Bank of America for $519 million. Separately, Walter said it will buy the residential mortgage servicing platform, including certain servicing related technology assets of MetLife Inc., for an undisclosed amount. Walter Investment shares, already coming off a strong 2012 performance, rose 8.24 percent Monday and closed at $47.68. The deals follow Walter's $31 million purchase last week of a San Diego-based lender specializing in reverse mortgages.

Tampa's Walter Investment Management continues binge of mortgage deals 01/07/13 [Last modified: Monday, January 7, 2013 6:42pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages

    Business

    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel

    Business

    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.