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