Walter Investment Management Corp. (NYSE: WAC.BC) announced today that on August 11, 2017 it received written notification from the New York Stock Exchange that the Company was considered to be non-compliant with the continued listing standards set forth under Rule 802.01B of the NYSE Listed Company Manual because the average market capitalization of the Company's common stock was less than $50 million over a consecutive 30 trading-day period, while its last reported stockholders' equity was less than $50 million.

As a result of the Notice, the Company became subject to the procedures set forth in Rule 802.02 of the NYSE Listed Company Manual. In accordance with such procedures, on or before August 25, 2017, the Company plans to acknowledge receipt of the Notice and notify the NYSE of its intention to submit a business plan (the "Plan") on or before September 25, 2017, which will set forth the Company's plan to regain compliance with the relevant listing standards. The NYSE will have 45 days after receipt of the Plan to review such Plan and determine whether the Company has made a reasonable demonstration of its ability to regain compliance within the 18-month period ending February 11, 2019. If the Plan is accepted by the NYSE, the Company's shares will continue to be listed and traded on the NYSE, subject to the NYSE's quarterly monitoring of the Company's compliance with the Plan and other NYSE continued listing standards. If the Plan is not accepted by the NYSE, or if the Company fails to maintain compliance with the Plan, the Company's shares may be subject to suspension and delisting.

The Company intends to take steps to remedy the listing deficiencies in a timely manner; however, no assurance can be given that the Company will be able to regain compliance with the applicable listing standards or otherwise maintain compliance with the other continued listing standards set forth in the NYSE Listed Company Manual.

Receipt of the Notice by the Company is not a violation of the terms of, and does not constitute a default or event of default under, any of the Company's material debt or other obligations.

About Walter Investment Management Corp.

Walter Investment Management Corp. is an independent servicer and originator of mortgage loans and servicer of reverse mortgage loans. Based in Fort Washington, Pennsylvania, the Company has approximately 4,400 employees and services a diverse loan portfolio. For more information about Walter Investment Management Corp., please visit the Company's website at www.walterinvestment.com.