Operations Expected to Continue in the Ordinary Course During Financial Restructuring

Walter Investment Management Corp. (the “Company”) has reached agreements with certain of its lenders and senior noteholders on a prepackaged financial restructuring plan. Through our financial restructuring process, by the end of the first quarter of 2018 the Company expects to have reduced its corporate debt by approximately $800 million (as compared to June 30, 2017) and created financial flexibility that will better enable it to focus on its business, including the growth of our origination and servicing businesses, new technology, innovation and other areas that are critical to its success. The Company’s lenders, senior noteholders and convertible noteholders have voted overwhelmingly to approve the prepackaged plan. As expected and as planned, Walter Investment Management Corp. filed for chapter 11 to continue to implement the prepackaged financial restructuring plan.

The Company’s operating subsidiaries, including Ditech Financial LLC and Reverse Mortgage Solutions, Inc., are not expected to commence an in-court restructuring process and are expected to continue business as usual during the time the Company is in chapter 11.

This financial restructuring is an important part of our ongoing business transformation to put our company on a path to grow and be successful in the future.

We look forward to continuing to serve our customers as we always do.

Information and Resources

Press Releases

Frequently Asked Questions

Case Information: Court filings and other information related to the court-supervised proceedings are available on a separate website administered by the Company’s claims agent, Prime Clerk, at http://cases.primeclerk.com/Walter.

Restructuring Hotline: Walter has established a Restructuring Hotline, toll-free in the U.S., at: 1-866-430-6844.  (For calls originating outside of the U.S., please dial 1-646-795-6176.)

Media Contacts:
Kimberly Perez
SVP & Chief Accounting Officer
(813) 421-7694
investorrelations@walterinvestment.com

or

Michael Freitag / Andy Brimmer / Aaron Palash
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449