Items Tagged with 'Walter Investment Management Corp.'

ARTICLES

  • Ditech Holding Corp. picks "seasoned turnaround professional" Jeffrey Baker as new CEO

    Baker elevated from chief operating officer to replace Anthony Renzi
    For the fifth time in just over two years, Ditech Holding Corp., which was known as Walter Investment Management Corp. until very recently, has a new CEO. The nonbank announced Tuesday that it is elevating "seasoned turnaround professional" Jeffrey Baker from chief operating officer to serve as interim CEO and president.
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  • Walter Investment reveals new date for bankruptcy exit, name change

    Currently expected to happen later this week
    One week ago, Walter Investment Management Corp. disclosed that it would not be exiting bankruptcy on Jan. 31, 2018 as the company originally expected when its bankruptcy plan was approved by a federal court. Now, the company is providing more detail on when it now plans to exit bankruptcy.
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  • Walter Investment CEO resigning, next CEO will be company’s 5th in 2 years

    Company also plans to change name to Ditech Holding Corp.
    For the fifth time in just over two years, Walter Investment Management Corp. is looking for new CEO. The nonbank announced late Thursday that Anthony Renzi, who took over in September 2016, is leaving the company. The company also disclosed Friday that it is leaving the name Walter Investment behind as well.
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  • Walter Investment bankruptcy plan approved by court

    Company expects to exit bankruptcy proceedings by end of January
    Walter Investment Management Corp.’s plan to reduce $800 million in debt by filing for Chapter 11 bankruptcy has been approved by a federal court, the company announced this week. The company also announced that its board of directors will look much different when it exits bankruptcy.
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  • Walter Investment files for Chapter 11 bankruptcy

    Nonbank says prepackaged restructuring plan will reduce debt by $800 million
    Walter Investment Management Corp., which has suffered through several rough years, is taking a drastic measure as it fights to survive. The nonbank announced late this week that it is filing for Chapter 11 bankruptcy as part of a prepackaged restructuring plan that aims to eliminate $800 million in debt and place the company on firmer footing going forward.
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  • Walter Investment could be booted from NYSE for low stock price, market cap

    Nonbank receives delisting notice after market cap stays well below $50 million
    On July 14, 2017, Walter Investment Management Corp. disclosed that it received a notice from the New York Stock Exchange after the company’s shares closed at an average price of less than $1 for a consecutive 30 trading-day period. Walter’s stock closed at $0.77 that day, and since then, things haven’t gotten any better. In fact, they’ve gotten much worse – so much so that Walter is now at risk of being kicked off the NYSE.
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  • Walter Investment hit with NYSE warning after shares stay below $1

    Shares traded at less than $1 for one month
    On Dec. 5, 2016, Walter Investment Management Corp.’s stock closed at $7.35. Since then, the nonbank’s stock dropped precipitously. So much so, in fact, that the stock is now trading well below $1 and the NYSE issued a warning stating the company is no longer in compliance with the stock exchange’s rules.
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