UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 30, 2013
Walter Investment Management Corp.
(Exact name of registrant as specified in its charter)
Maryland | 001-13417 | 13-3950486 | ||
(State or other jurisdiction of incorporation or organization) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
3000 Bayport Drive, Suite 1100 Tampa, Florida |
33607 | |
(Address of Principal Executive Offices) | (Zip Code) |
Registrants telephone number, including area code: (813) 421-7605
Not Applicable
(Former Name or Former Address, if Changed from Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. | Other Events. |
On December 2, 2013, (i) Walter Investment Management Corp. (Walter or the Company) closed its previously disclosed investment in UFG Holdings LLC (UFG), a company controlled by an investor group led by Brian Libman and (ii) effective November 30, 2013, UFG closed its previously disclosed acquisition of 100% of the membership interests of Urban Financial of America, LLC, formerly Urban Financial Group, Inc. (Urban), from a subsidiary of KCG Holdings, Inc. As previously disclosed, Walter invested approximately $15 million in UFG in the form of an unsecured loan and received warrants entitling Walter to purchase up to 19% of the common units of UFG. Walters wholly owned subsidiary, Reverse Mortgage Solutions, Inc., is negotiating a forward flow agreement to purchase mortgage servicing rights originated by Urban. As previously disclosed, effective upon the closing of Walters investment, Mr. Libman resigned his positions with Walter and its subsidiaries.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
WALTER INVESTMENT MANAGEMENT CORP. | ||||||
Date: December 2, 2013 | By: | /s/ Stuart Boyd | ||||
Stuart Boyd, Senior Vice President |