Mid-Day Update on Most Active Stocks For: (AMEX: WAC), (AMEX: INO)
Walter Investment Management Corp. (AMEX: WAC), a fee-based business services provider to the residential mortgage industry, is up sharply in mid-day trading today after the company announced a definitive agreement to acquire residential mortgage servicing platform of MetLife Bank N.A., which is located in Irving, Texas. WAC noted that the assets it is acquiring from MetLife Bank do not include any mortgage loans or mortgage servicing rights.
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