December 17, 2013

Pool is backed by Fannie Mae.

It was recently announced that Tampa-based asset manager, mortgage servicer and originator Walter Investment Management Corp. entered into a definitive agreement with a large national depository to acquire a pool of Fannie Mae-backed mortgage servicing rights with an aggregate unpaid principal balance of $30 billion. The acquisition is part of Walter's previously announced plan to acquire MSRs having an aggregate unpaid principal balance of approximately $62 billion.

The transaction was handled by of counsel Michael C. Petronio with corporate partner Rosalind Fahey Kruse and associate Thomas Spencer.