Walter Investment Management Corp., Tampa, has reached another milestone in its efforts to raise capital to fund its purchase of Green Tree Credit Solutions, by closing on the private placement securitization of $102 million in notes backed by residential mortgages, building and installment sales contracts, promissory notes, related mortgages and other security agreements.

Mark O'Brien, Walter Investment's chairman and CEO said, "As we near our anticipated early third quarter completion of the acquisition of Green Tree, the securitization of the unencumbered assets brings us one step closer to completing the few outstanding items required to conclude the transaction. We are quite pleased to have been able to monetize these assets at a fair price without having to sell them, which allows us to retain the valuable residual interest in the assets."

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