IMPORTANT WALTER INVESTMENT MANAGEMENT CORPORATION INVESTOR ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that securities class action lawsuits have been filed against Walter Investment Management Corporation

NEW YORK, March 22, 2017 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that federal securities class action lawsuits have been filed against Walter Investment Management Corporation (“Walter”  or the “Company”) (NYSE:WAC). The class actions, filed in the United States District Court for the Middle District of Florida and in the United States District Court for the Southern District of Florida, are on behalf of a class consisting of all persons or entities who purchased or otherwise acquired Walter securities between February 29, 2016 and March 13, 2017 both dates inclusive (the “Class Period”).

Investors who have incurred losses in the shares of Walter Investment Management Corporation are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have purchased shares of Walter Investment Management Corporation and would like to assist with the litigation process, you may, no later than May 15, 2017, request that the Court appoint you lead plaintiff of the proposed class.

Walter Investment Management Corporation, a diversified mortgage banking firm headquartered in Tampa, Florida, focuses primarily on the servicing and origination of residential loans in the United States.  Among the Company’s subsidiaries is Ditech Financial (“Ditech”).

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts  about the Company’s business, operations, and prospects.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company’s Ditech  subsidiary had a material weakness in its internal control over operational processes; (ii) accordingly, the Company lacked effective internal controls over financial reporting; and (iii) as a result of the foregoing, Walter’s public statements were materially false and misleading at all relevant times.

On March 14, 2017, Walter filed its Annual Report on Form 10-K with the Securities and Exchange Commission, reporting the Company’s financial and operating results for the quarter and year ended December 31, 2016 (the  “2016 10-K”).  In the 2016 10-K filing, Walter disclosed that “[a]s of December 31, 2016, we identified a material weakness in  internal controls over operational processes within the transaction level processing of Ditech Financial default servicing activities.”

On this news, Walter’s share price fell $1.05, or 38.89%, to close at $1.65 on March 14, 2017.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774