Walter Investment Management posts $134.78 million December net loss

By Caroline Salls

Pittsburgh, Jan. 24 – Walter Investment Management Corp. reported a $134.78 million net loss for December, according to its monthly operating report filed Wednesday with the Securities and Exchange Commission.

The net loss included, in part, $81.62 million in subsidiary equity losses and $38.67 million in reorganization expenses.

Total revenue for the month was negative $57,116.

The company had $506,046 in cash and cash equivalents as of Dec. 31.

Walter is a Fort Washington, Pa., servicer and originator of mortgage loans and servicer of reverse mortgage loans. The company filed bankruptcy on Nov. 30, 2017 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 17-13446.

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