Walter Investment Management Corp. Announces Completion Of First Delinquency Flow Program

Walter Investment Management Corp.

today announced that its Green Tree subsidiary has entered into a definitive agreement for its first delinquency flow program. The transaction, which is structured as a subservicing arrangement with Bank of America, is expected to provide an initial transfer of approximately 4,000 units on June 16, 2012. Green Tree has been approved to receive up to 30,000 units under the program and expects the units serviced to increase significantly as additional transfers are completed. The program covers 27 securitization trusts wherein Bank of America will transfer the servicing for certain types of loans to Green Tree in accordance with the Bank of America/Bank of New York Countrywide RMBS settlement agreement.