TAMPA, Fla., April 24 /PRNewswire-FirstCall/ -- Walter Investment Management Corp. (NYSE Amex: WAC) announced today it obtained a Senior Credit Facility from SunTrust Bank and Regions Bank (together, the "Lenders"). The Senior Credit Facility can be used to finance working capital needs, letters of credit and for other general corporate purposes of the Company and its subsidiaries. The facility will augment the Company's existing liquidity position. The Senior Credit Facility is a $15 million revolving credit facility with a $10 million sublimit for the issuance of standby letters of credit and a $5 million sublimit for swingline loans. The Senior Credit Facility's termination date. "We are pleased to complete this component of establishing Walter Investment Management Corp.'s position as a stand-alone public company," said Mark J. O'Brien, Chairman and Chief Executive Officer. "We look forward to strengthening our relationship with our Lenders and believe the establishment of this Senior Credit Facility, given the current market conditions, demonstrates confidence in the Company." Please refer to the Current Report on Form 8-K filed with the Securities and Exchange Commission for additional details concerning the terms of the Senior Credit Facility. About Walter Investment Management Corp. Walter Investment Management Corp. is a mortgage servicer and portfolio owner specializing in subprime, non-conforming and other credit-challenged mortgage assets. Based in Tampa, Fla., the Company currently has $1.8 billion of assets under management and pro-forma annual revenues of approximately $200 million. The Company is structured as a real estate investment trust ("REIT") and employs approximately 225 people. Safe Harbor Statement Certain statements in this release may constitute "forward-looking" statements as defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Walter Investment Management Corp. is including this cautionary statement to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical fact are forward-looking statements. The use of words such as "expect," "anticipate," "project," "estimate," "forecast," "objective," "plan," "goal" and similar expressions is intended to identify forward looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements, to differ materially from future results, performance or achievements. The forward-looking statements are based on the Company's current belief, intentions and expectations. These statements are not guarantees or indicative of future performance. The Company's future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. These risks and uncertainties are contained in Walter Investment Management Corp.'s Registration Statement on Form S-4 dated February 17, 2009, the Risk Factors described in Walter Investment Management Corp's 2008 Annual Report on Form 10-K, and Walter Investment Management Corp.'s other filings with the Securities and Exchange Commission. Walter Investment Management Corp. undertakes no obligation to update its forward-looking statements as of any future date. In addition, the following important factors and assumptions could affect the Company's future results and could cause actual results to differ materially from those expressed in the forward looking statements: -- Integration of the former Hanover Capital Mortgage Holdings, Inc. business into that of Walter Investment Management, LLC and its affiliates (the "Merger"); -- The Company's continued qualification as a REIT for Federal Income Tax Purposes; -- Local, regional, national and global economic trends and developments in general; and local, regional and national real estate and residential mortgage market trends and developments in particular; -- Financing sources and availability, and future interest expense; -- Changes in federal, state and local policies, laws and regulations affecting mortgage financing or servicing; -- Anticipated business development activities and future capital expenditures; and -- Future performance generally. All forward looking statements set forth herein are qualified by these cautionary statements and are made only as of April 24, 2009. The Company undertakes no obligation to update or revise the information contained herein whether as a result of new information, subsequent events or circumstances or otherwise, unless otherwise required by law. DATASOURCE: Walter Investment Management Corp. CONTACT: Whitney Finch, Director, Investor Relations, of Walter Investment Management Corp., +1-813-872-7196,

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