Walter Investment Names Daniel Beltzman to its Board of Directors

Walter Investment Management Corp.

("Walter Investment" or the "Company") today announced the appointment of Daniel Beltzman, co-founder of Birch Run Capital Advisors, LP ("Birch Run"), to its Board of Directors (the "Board") effective on December 7, 2015. "We are pleased Daniel has accepted our invitation to join Walter Investment's Board of Directors. We are firmly committed to enhancing value for all the Company's shareholders, and have maintained a longstanding and constructive dialogue with Birch Run regarding our goals of driving growth and strengthening our business," said Denmar J. Dixon, the Company's Vice Chairman, Chief Executive Officer and President. "We welcome Daniel to the Board and look forward to benefiting not only from his financial expertise but also from the perspective he brings as a major shareholder." In connection with Mr. Beltzman's appointment, the Company entered into an agreement with Birch Run pursuant to which Birch Run has agreed to vote all of its stock, at the Company's upcoming annual meeting of shareholders, in support of each current Class I director nominated by the Board, and against any shareholder proposals not approved by the Board. The Company also announced that it has amended