This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S
Lending

Green Tree exits wholesale lending

Walter Investment winds down 'small part of company'

empty room
/ Print / Reprints /
| Share More
/ Text Size+

Walter Investment Management [WAC] said subsidiary Green Tree Servicing is exiting the wholesale mortgage lending business.  

"The wholesale channel has been a relatively small part of the Company's originations business with funded volumes of less than $1 billion in the nine months through September 30, 2013," the company said in a statement.

"As previously indicated, the wholesale originations channel was not expected to contribute to earnings for 2013," the company added.

Around 60 employees, who have been informed of the action, will remain to help during the transition period, ending in April.

Walter Investment said it remains committed to growing its origination business through its core retention, retail and correspondent channels.
 

Recent Articles by Jacob Gaffney

Comments powered by Disqus