TAMPA, Fla., Jan. 13, 2012 /PRNewswire/ -- Walter Investment Management Corp. (NYSE Amex: WAC) ("Walter Investment" or the "Company") today announced the 2011 servicer rankings from Standard and Poor's Ratings Services for its subsidiary, Green Tree Servicing LLC ("Green Tree").
Green Tree's ranking as a residential mortgage special servicer was raised to Above Average and its rankings as a residential mortgage subprime servicer, residential mortgage subordinate-lien and asset-backed servicer of manufactured housing assets were affirmed at Above Average.
According to Standard & Poor's Ratings Services, "[t]he raised ranking for residential special services reflects the company's ability to grow its special serviced portfolio while also maintaining its fine controls. The affirmed rankings reflect its experienced management, competitive servicing metrics and well-designed internal controls."
"We view the rankings assigned by Standard & Poor's Ratings Services to be extremely positive," said Mark J. O'Brien, Walter Investment's Chairman and CEO, "The raising of the residential special subprime servicer ranking to Above Average and affirmation of the other servicer rankings at Above Average despite the continued scrutiny and on-going upheaval in the mortgage servicing sector is a testament to the hard work and dedication of the entire Green Tree team."
About Walter Investment Management Corp.
Walter Investment Management Corp. is an asset manager, mortgage servicer and mortgage portfolio owner specializing in less-than-prime, non-conforming and other credit-challenged mortgage assets. Based in Tampa, Fla., the Company has over 2,400 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.
SOURCE Walter Investment Management Corp.
CONTACT: Whitney Finch, Director of Investor Relations, +1-813-421-7694, firstname.lastname@example.org