Asset manager Walter Investment Management Corp. (WAC) said Tuesday that its unit Reverse Mortgage Solutions Inc. has acquired a $12.2 billion UPB reverse mortgage servicing portfolio from Wells Fargo Home Mortgage (WFC).
Walter Investment said that the portfolio of over 76,000 loans is expected to transfer to Reverse Mortgage Solutions during the third quarter of 2013.
Mark J. O'Brien, CEO of Walter Investment said, "We expect that the acquisition of this MSR will be an attractive addition to our reverse mortgage servicing portfolio and solidify our position as a leader in the reverse mortgage sector..."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.