FBR Rates Walter Outperform After Acquisition

FBR Capital Markets has initiated coverage of Walter Investment Management Corp., which is in the special servicing business, giving the company an "outperform" rating after it closed on its acquisition of Green Tree Credit Solutions.

With the completion of this transaction, FBR analyst Paul Miller said, "The company is well positioned to take advantage of the housing crisis and should see material growth over the next several quarters in a sector of the economy that is shrinking."