Walter Investment Management Corp.

  • Don't Worry About This Company's Astronomical P/E

    By Jon Quast - July 1, 2013 | Tickers: NSM, TREE, WAC

    Walter Investment Management's (NYSE: WAC) price-to-earnings ratio is simply astronomical--it's currently north of 11,000! However, if you think that this company is grossly overvalued, you are wrong. In fact, this company could be a very real value opportunity.

    The business

    Walter operates in a sector that many investors would like to avoid: mortgage investment. Unlike a high-yield mortgage REIT, this company is a mortgage servicer for high-risk more »

  • Flagstar Bancorp: A Long-Term Buy

    By Alexander Maxwell - June 12, 2013 | Tickers: FBC, MBI, WAC

    Flagstar Bancorp (NYSE: FBC) has come out of the recession incredibly strong. It seems as though investors who were once scared of the bank during the height of the recession are beginning to climb back in and buy shares. Also, important is the fact that the bank's own customers seem to be coming back towards the bank, as the bank has increased core deposits 13% quarter-over-quarter. Even more importantly more »

  • This Industry Owes a Debt to Uncle Sam

    By Robert Hanley - April 5, 2013 | Tickers: NSM, OCN, WAC

    The mortgage servicing companies are firing on all cylinders, with rising assets, profitability ratios, and stock prices. Their business model is pretty straightforward: collect payments from debtors, remit payments to creditors, and provide administration for any legal or settlement issues. While the industry is dominated by the internal units of the large national banks, more stringent government regulations have forced the banks to sell servicing rights in order to meet more »

  • Cash Flowing with Ocwen Financial

    By Mark Holder - March 29, 2013 | Tickers: NSM, OCN, WAC

    The mortgage servicing business has become a very profitable business since the financial crisis as large banks have sold the rights to smaller, focused firms such as Ocwen Financial (NYSE: OCN). The ongoing trend of banks selling off non-core servicing assets is expected to continue as many large and some regional banks see the servicing of delinquent loans as harmful to the banks consumer franchise--not to mention the fact that more »

  • An Insider’s Company Bought Altisource Shares

    By Meena Krishnamsetty - December 3, 2012 | Tickers: ASPS, FISV, LPS, WAC

    Brown’s Valley Development Company, which is owned by Altisource Portfolio Solutions (NASDAQ: ASPS) Board member Michael Linn, has purchased 1,000 shares of the company’s stock according to a filing with the SEC. The buy took place on November 27, at an average price of $103.87 per share, and augments close to 16,000 shares that are owned by Linn, his children, and his trust. Altisource Portfolio more »

  • Real Estate Recovery: 3 Stocks

    By Federico Zaldua - November 21, 2012 | Tickers: ARR, CX, WAC

    Currently we are clearly going through a housing market recovery. US home builder confidence jumped in November to a six year high and existing home sales increased 2.1% in October, beating expectations and signaling that the sector is gaining traction every month. How could you profit from it? ETFs could be a great way to play a market trend, but here I will offer you three independent ideas. 

    Armour more »