Tuesday, March 14, 2017

Walter Investment posts $529 million loss in 2016; CEO calls results 'unacceptable'

Walter Investment Management Corp. announced Tuesday morning that it posted a loss in each quarter of 2016, finishing the year with a net loss of $22.2 million in the fourth quarter. That result pushed the company’s total net loss for the year to $529.2 million. Walter Investment CEO Anthony Renzi, who took over in September 2016, said that the company’s 2016 results are unacceptable.

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