As losses continued at Walter Investment Management Corp., the company warned about its ongoing viability and restated income for prior period. Home lending tumbled.
During the three months ended June 30, losses before taxes were $93 million. Walter cut its losses from $380 million in the second quarter of last year.
Those details, as well as other operational and financial results, were included in the second-quarter 2017 earnings report from the Fort Washington, Pennsylvania-based company.
Source: Mortgage Daily