http://www.domresrealestate.com/wp-content/uploads/2015/08/13889-thumb.jpg 100 100 DomresRealEstate http://domresrealestate.com/wp-content/uploads/2014/10/domres_real_estate_blue_270.png DomresRealEstate2015-08-10 13:49:272015-08-10 13:49:27Walter Investment 2Q loss swells on tax expense, goodwill charge
Walter Investment 2Q loss swells on tax expense, goodwill charge
Walter Investment Management Corp. piled on the red ink in the second quarter of 2015.
Walter (NYSE: WAC), a Tampa-based mortgage firm, posted a net loss of $38.1 million, or $1.01 a share, for the three months ended June 30, compared to a net loss of $12.9 million, or 34 cents a share,in the same period a year ago.
Revenue for 2Q 2015 was $412.4 million, relatively flat compared to the same period in 2014.
A key reason for the larger loss appears to be a $23 million income tax expense in 2Q.… …read more