10 Best Dow Dividend Stocks To Watch Right Now: Walter Investment Management Corp (WAC)
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry. The Company is a specialty servicer providing residential loan servicing that focuses on credit-sensitive residential mortgage assets located in the United States. It is also a mortgage portfolio owner and operates an insurance agency serving residential loan customers. The Company operates in four segments: Servicing, Asset Receivables Management (ARM), Insurance, and Loans and Residuals. On July 1, 2011, the Company acquired GTCS Holdings LLC. In November 2012, the Company acquired Reverse Mortgage Solutions, Inc. In January 2013, it acquired originations and capital markets platform of Residential Capital, LLC. In April 2013, the Company announced that its wholly owned subsidiary Reverse Mortgage Solutions, Inc. (RMS) acquired a (Wells Fargo).
Servicing
The Companys Servicing business segment con sists of operations that perform servicing for third-party investors in residential mortgages, manufactured housing and consumer installment loans and contracts, as well as for the Loans and Residuals segment and for the Non-Residual Trusts. During the year ended December 31, 2011, the Company added 259,000 account.
ARM
The Companys ARM business performs collections of delinquent balances on loans.
Insurance
The Companys Insurance segment consists of its agency business and its reinsurance businesses. The Companys Insurance business segment provides voluntary and lender-placed hazard insurance for residential loans, as well as other ancillary products.
Loans and Residuals
The Company's Loans and Residuals business segment consists of the assets and liabilities of the Residual Trusts. It also includes its unencumbered residential loan portfolio and real estate ow! ned.
Advisors' Opinion:- [By Holly LaFon]
Despite economic and political turmoil, equity markets performed well across the board in September of 2013 and over the trailing twelve months. The September gains reversed losses in August and also resulted in positive overall quarterly performance with a number of major indexes moving further into record territory. After disturbing the markets in May and June with comments that they may taper Quantitative Easing (QE), the Fed surprised investors with an announcement that it would not reduce its asset purchases in the near-term. The announcement removed fears that a continued rise in interest rates may stall the economic recovery, as seen by the market's negative reaction to the sharp rise in the 10-year Treasury rate in August of 2013. Investors were also comforted by improving fundamentals both domestically and abroad. The Eurozone may finally be emerging from its prolonged recession and a number of economic reports in the U.S. continue to show progress. Specifically, initial unemployment claims dropped to a multiyear low early in September and the housing market continued to improve, as evidenced by prices rising 12.4 percent year-over year, which along with the stock market's strength, has created a positive wealth effect for consumers. In response to this general economic improvement, consumer confidence increased at the end of September, and the index of leading economic indicators ticked up as well, suggesting that, absent the effects of politics, the recovery in the real economy was continuing. Our portfolios that focus on corporate restructuring (Keeley Small Cap Value, Keeley Small-Mid Cap Value, Keeley Mid Cap Value, Keeley All Cap Value, and Keeley Alternative Value) have all experienced a productive investment cycle with respect to their opportunity sets, and many of our holdings have posted impressive results in recent quarters. Although we acknowledge an improving economy has boosted the outlook for our more cycli! cal holdi! ngs , our research has gu
- [By Amanda Alix]
An immensely profitable enterprise
With a line-up of willing sellers -- and free of the capital constraints of banks -- mortgage servicers like Nationstar Mortgage (NYSE: NSM ) , Ocwen Financial (NYSE: OCN ) , and Walter Investment (NYSE: WAC ) have seen their stars rise quickly, experiencing stock price surges of at least 100% over the past year. - [By Sean Williams]
What: Shares of Walter Investment Management (NYSE: WAC ) , a residential mortgage services provider, jumped as much as 12% after the Federal Housing Finance Agency extended the HARP program for two additional years.
source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-dow-dividend-stocks-to-watch-right-now.html
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