TAMPA, Fla., Dec. 16, 2014 /PRNewswire/ -- Walter Investment Management Corp. (NYSE: WAC) ("Walter Investment" or the "Company") announced today that its wholly owned subsidiary, Green Tree Servicing LLC ("Green Tree"), has passed all metrics tested by the Office of Mortgage Settlement Oversight ("OMSO") during the most recent testing period, including two metrics covered by corrective action plans.

Mark J. O'Brien, Chairman and Chief Executive Officer of Walter Investment said, "We are pleased with the results of the compliance report filed this morning by the OMSO. We believe these positive results demonstrate Green Tree's on-going commitment to providing the highest level of service to our consumers to ensure they have a smoother and more constructive experience with their servicer. We look forward to continuing to work with the OMSO as we strive to enhance the experience of our consumers."

In connection with its purchase of mortgage servicing rights from Residential Capital LLC in January 2013, Green Tree agreed to service the loan portfolio consistent with the more than 300 standards included in the National Mortgage Settlement. Today OMSO released a summary of the compliance reports filed with the United States District Court for the District of Columbia, which includes the test results for Green Tree from January 1, 2014 to June 30, 2014. As noted in the report, the eight corrective action plans proposed by Green Tree have been approved by the monitor. As a result of the implementation of those corrective action plans it was reported that Green Tree has passed the two metrics covered by the corrective action plans which were subject to testing during the second calendar quarter. In addition, Green Tree has passed all other metrics tested during the test period. The results of testing for the remaining untested metrics covered by the corrective action plans and Green Tree's performance in the third and fourth calendar quarters of 2014 are expected to be reported in approximately six months.

About Walter Investment Management Corp.

Walter Investment Management Corp. is an asset manager, mortgage servicer and originator focused on finding solutions for consumers and credit owners. Based in Tampa, Fla., the Company has over 6,600 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company's website at www.walterinvestment.com.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Statements that are not historical fact are forward-looking statements. Certain of these forward-looking statements can be identified by the use of words such as "believes," "anticipates," "expects," "intends," "plans," "projects," "estimates," "assumes," "may," "should," "will," "outlook," "guidance," or other similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors, and the Company's (also referred to herein as "we," "us," or "our") actual results, performance or achievements could differ materially from future results, performance or achievements expressed in these forward-looking statements. These forward-looking statements are based on our current beliefs, intentions and expectations. These statements are not guarantees or indicative of future performance. Important assumptions and other important factors that could cause actual results to differ materially from those forward-looking statements include, but are not limited to, those factors, risks and uncertainties described below and in more detail in our Annual Report on Form 10-K for the year ended December 31, 2013 under the caption "Risk Factors," our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2014, June 30, 2014 and September 30, 2014 under the caption "Risk Factors," and our other filings with the SEC.

In particular (but not by way of limitation), the following important factors, risks and uncertainties could affect our future results, performance and achievements and could cause actual results, performance and achievements to differ materially from those expressed in the forward-looking statements:


    --  increased scrutiny and potential enforcement actions by federal and
        state agencies, including a pending investigation by the CFPB and the
        FTC, the investigation by the Department of Justice and HUD, and the
        investigations by the state attorneys general working group and the
        Office of the United States Trustee;
    --  uncertainties related to our ability to meet increasing performance and
        compliance standards, such as those of the National Mortgage Settlement,
        and reporting obligations and increases to the cost of doing business as
        a result thereof;
    --  uncertainties related to inquiries from government agencies into
        collection, foreclosure, loss mitigation, bankruptcy, loan servicing
        transfers and lender-placed insurance practices;
    --  uncertainties relating to interest curtailment obligations and any
        related financial and litigation exposure (including exposure relating
        to false claims);
    --  unexpected losses resulting from pending, threatened or unforeseen
        litigation, arbitration or other third-party claims against the Company;
    --  changes in, and/or more stringent enforcement of, federal, state and
        local policies, laws and regulations affecting our business, including
        mortgage and reverse mortgage originations and servicing and
        lender-placed insurance;
    --  loss of our loan servicing, loan origination, insurance agency, and
        collection agency licenses, or changes to our licensing requirements;
    --  our ability to remain qualified as a GSE approved seller, servicer or
        component servicer, including the ability to continue to comply with the
        GSEs' respective loan and selling and servicing guides;
    --  the substantial resources (including senior management time and
        attention) we devote to, and the significant compliance costs we incur
        in connection with, regulatory compliance and regulatory examinations
        and inquiries, and any fines, penalties or similar payments we make in
        connection with resolving such matters;
    --  our ability to earn anticipated levels of performance and incentive fees
        on serviced business;
    --  the ability of our customers, under certain circumstances, to terminate
        our servicing and sub-servicing agreements, including agreements
        relating to our management and disposition of real estate owned
        properties for GSEs and investors;
    --  a downgrade in our servicer ratings by one or more of the rating
        agencies that rate us as a residential loan servicer;
    --  our ability to satisfy various GSE and other capital requirements
        applicable to our business;
    --  uncertainties relating to the status and future role of GSEs, and the
        effects of any changes to the servicing compensation structure for
        mortgage servicers pursuant to programs of GSEs or various regulatory
        authorities;
    --  changes to HAMP, HARP, the HECM program or other similar government
        programs;
    --  uncertainty as to the volume of originations activity we will benefit
        from following the expiration of HARP, which is scheduled to occur on
        December 31, 2015;
    --  uncertainties related to the processes for judicial and non-judicial
        foreclosure proceedings, including potential additional costs, delays or
        moratoria in the future or claims pertaining to past practices;
    --  our ability to implement strategic initiatives, particularly as they
        relate to our ability to raise capital and develop new business,
        including acquisitions of mortgage servicing rights, the development of
        our originations business and the implementation of delinquency flow
        loan servicing programs, all of which are subject to customer demand and
        various third-party approvals;
    --  risks related to our acquisitions, including our ability to successfully
        integrate large volumes of assets and servicing rights, as well as
        businesses and platforms, that we have acquired or may acquire in the
        future into our business, any delay or failure to realize the
        anticipated benefits we expect to realize from such acquisitions, and
        our ability to obtain approvals required to acquire and retain servicing
        rights and other assets in the future;
    --  risks related to the financing incurred in connection with past or
        future acquisitions and operations, including our ability to achieve
        cash flows sufficient to carry our debt and otherwise comply with the
        covenants of our debt;
    --  risks related to the high amount of leverage we utilize in the operation
        of our business;
    --  our dependence upon third-party funding in order to finance certain of
        our businesses;
    --  the effects of competition on our existing and potential future
        business, including the impact of competitors with greater financial
        resources and broader scopes of operation;
    --  our ability to successfully develop our loan originations platforms;
    --  the occurrence of anticipated growth of the specialty servicing sector
        and the reverse mortgage sector;
    --  local, regional, national and global economic trends and developments in
        general, and local, regional and national real estate and residential
        mortgage market trends in particular;
    --  continued uncertainty in the United States home sales market, including
        both the volume and pricing of sales, due to adverse economic conditions
        or otherwise;
    --  fluctuations in interest rates and levels of mortgage originations and
        prepayments;
    --  changes in regards to the rights and obligations of property owners,
        mortgagors and tenants;
    --  changes in public, client or investor opinion on mortgage origination,
        loan servicing and debt collection practices;
    --  risks related to cyber-attacks against us or our vendors, including any
        related interruptions to our operations, remediation costs and
        reputational damage;
    --  the effect of our risk management strategies, including the management
        and protection of the personal and private information of our customers
        and mortgage holders and the protection of our information systems from
        third-party interference (cybersecurity);
    --  changes in accounting rules and standards, which are highly complex and
        continuing to evolve in the forward and reverse servicing and
        originations sectors;
    --  the satisfactory maintenance of effective internal control over
        financial reporting and disclosure controls and procedures;
    --  our continued listing on the New York Stock Exchange; and
    --  the ability or willingness of Walter Energy, our prior parent, and other
        counterparties to satisfy material obligations under agreements with us.

All of the above factors, risks and uncertainties are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond our control. New factors, risks and uncertainties emerge from time to time, and it is not possible for our management to predict all such factors, risks and uncertainties. Although we believe that the assumptions underlying the forward-looking statements (including those relating to our outlook) contained herein are reasonable, any of the assumptions could be inaccurate, and therefore any of these statements included herein may prove to be inaccurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that the results or conditions described in such statements or our objectives and plans will be achieved. We make no commitment to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made, except as otherwise required under the federal securities laws. If we were in any particular instance to update or correct a forward-looking statement, investors and others should not conclude that we would make additional updates or corrections thereafter except as otherwise required under the federal securities laws.

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