October 31, 2013 4:01 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Walter Investment Management (NYSE: WAC) ("Walter Investment" or the "Company") today announced that it has entered into a series of definitive agreements through its Green Tree subsidiary with EverBank Financial Corp ("EverBank"). The definitive agreements cover the following key items:Purchase of approximately $10.2 billion unpaid principal balance ("UPB") of Fannie Mae and Freddie Mac backed residential servicing assets and related advance receivables Purchase of approximately $3.3 billion UPB of private label residential servicing assets and related advance receivables Rights to subservice an approximately $5.2 billion UPB Ginnie Mae forward portfolio and a $1.7 billion UPB whole loan portfolio Assumption of their default servicing platform and offer of employment to a significant number of related employeesAdditionally, the Company expects to finalize in the near term the establishment of a delinquency flow outsourcing arrangement wherein the Company will provide outsourced default servicing on a flow basis to EverBank from its mortgage portfolio. The transactions are subject to standard approvals and the purchase price will be subject to customary adjustments, including an adjustment to actual UPB as of October 30, 2013. The portfolio of assets acquired and subserviced consists of over 179,000 loans that are projected to
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20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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