Walter Investment Acquires American Capital Servicing Platform

Walter Investment Management Corp. in Tampa, Fla., has acquired a servicing platform and other assets from Residential Credit Solutions.

Walter acquired the servicing platform through nonbank subsidiary Ditech Financial from American Capital Mortgage Investment's Residential Credit Solutions subsidiary. Walter also acquired core operational employees attached to Ditech's servicing operation.

It also entered into new subservicing agreements with RCS and transferred certain existing residential mortgage loan subservicing agreements. The subservicing agreements cover unpaid principal balance of about $9.8 billion. The servicing transfers are expected to take place in the first quarter.