Walter Investment Management Corp. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $444,143,000 compared to $331,576,000 a year ago. Loss before income taxes was $26,840,000 compared to $208,191,000 a year ago. Adjusted loss was $64,755,000 compared to $21,057,000 a year ago. Adjusted EBITDA was $43,330,000 compared to $101,220,000 a year ago. Net loss was $22.2 million compared to $117.1 million a year ago. Cash flows used in operating activities was $61.1 million compared to $65.8 million a year ago.

For the year, the company reported total revenues of $995,717,000 compared to $1,274,259,000 a year ago. Loss before income taxes was $789,818,000 compared to $404,426,000 a year ago. Net loss was $529,158,000 or $14.71 per basic and diluted share compared to $263,190,000 or $7.00 per basic and diluted share a year ago. Adjusted loss was $131,317,000 compared to adjusted earnings of $60,599,000 a year ago. Adjusted EBITDA was $322,925,000 compared to $549,719,000 a year ago. Cash flows provided by operating activities was $21.7 million compared to cash flows used in operating activities of $117.3 million a year ago.

For the quarter, the company reported goodwill impairment of $13,158,000 compared to $151,018,000 a year ago.