Walter Investment Management Corp. closed the private placement of around $81 million of its Class B secured notes issued last Nov. 22 in a deal called Mid-State Capital Trust 2010-1.

The Class B Notes are backed by U.S. residential mortgage loans, building and installment sales contracts, promissory notes, related mortgages and other security agreements. The notes were rated 'BBB' by Standard & Poor's.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.