Single-family loan originations moved lower for the third consecutive quarter at Walter Investment Management Corp., and a further decline is likely. The company set a target date for bankruptcy.
Third-quarter earnings data from Walter reflected a $124 million loss, not quite as bad as the $158 million loss during the same-three months last year.
Losses did worsen, however, from the second-quarter 2017, when the Tampa, Florida-based mortgage banking firm had a loss of $93 million.
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From:: Financing