NEW YORK--(EON: Enhanced Online News)--Levi & Korsinsky announces it has commenced an investigation of Walter Investment Management Corp. (NYSE:WAC) concerning possible violations of federal securities laws.
On March 14, 2017, Walter Investment disclosed a subpoena from HUD Inspector General requesting documents and information relating to origination and underwriting of certain specified loans. The Company further disclosed that the Justice Department's Civil Division is coordinating the investigation, and there is a possibility of a demand or a claim under the False Claims Act. Walter Investment also disclosed a material weakness for its Ditech unit, which it is taking steps to remediate. Following this news, Walter Investment stock was down more than 38% on intraday trading on March 14, 2017. To obtain additional information, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
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