There is substantial doubt about Walter Investment Management Corp.'s ability to continue as a going concern if a restructuring plan is not approved and it needed to file a prepackaged bankruptcy plan.

The Fort Washington, Pa.-based company reported a loss of $49.3 million in the second quarter, which is an improvement over the restated loss of $490 million one year ago. Originally, Walter reported a $232.4 million loss for the second quarter of 2016.

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