Walter Investment Management to acquire correspondent lending and wholesale broker businesses from Ally Bank
Walter Investment Management Corp. today announced it has signed a definitive agreement to acquire the correspondent lending and wholesale broker businesses of Ally Bank.
Ally Bank, the direct banking subsidiary of Ally Financial Inc., today announced that it completed the sales of approximately $115 billion in unpaid principal balance of agency mortgage servicing rights to Ocwen Financial Corp. and Quicken Loans, Inc. In total, Ally Bank has received approximately $850 million in proceeds for the transactions.