Two agencies probe Walter Investment firms

TAMPA — Two Federal agencies are investigating Walter Investment Management Corp. companies, according to its newest quarterly financial report.

Walter Investment Management reports that on Oct. 2, the company received a subpoena from the U.S. Department of Housing and Urban Development, Office of Inspector General requesting documents and other information regarding curtailments (limits) on interest payments on home-equity conversion mortgage loans handled by Reverse Mortgage Solutions Inc. The subpoena also sought information on Reverse Mortgage Solutions agreements a with a third-party vendor to handle lender-owned real estate properties.

Walter Investment Management purchased the Spring, Texas, company in late 2012.