Walter Investment Management Corp. announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2016. For the quarter, the company announced total revenues of $297,330,000 compared to $219,393,000 for the same period a year ago. Loss before income taxes was $158,183,000 compared to $131,558,000 for the same period a year ago. Net loss was $101,826,000 compared to $76,928,000 for the same period a year ago. Basic and diluted loss per common and common equivalent share was $2.82 compared to $2.04 for the same period a year ago. Adjusted EBITDA was $93.7 million compared to $145.4 million for the same period a year ago. Adjusted loss was $10.1 million or $0.17 per common and common equivalent share compared to adjusted income of $26.8 million or $0.44 per common and common equivalent share for the same period a year ago. Total revenue was increased primarily due to $113.4 million higher net servicing revenue and fees partially offset by $34.0 million lower fair value gains on reverse loans and liabilities.

For the first nine months, the company announced total revenues of $551,574,000 compared to $942,683,000 for the same period a year ago. Loss before income taxes was $816,658,000 compared to $196,235,000 for the same period a year ago. Net loss was $506,929,000 compared to $146,055,000 for the same period a year ago. Basic and diluted loss per common and common equivalent share was $14.15 compared to $3.87 for the same period a year ago. Adjusted EBITDA was $279.6 million compared to $448.5 million for the same period a year ago. Adjusted loss was $34.9 million or $0.60 per common and common equivalent share compared to adjusted income of $128.0 million or $2.10 per common and common equivalent share for the same period a year ago.

For the third quarter ended September 30, 2016, the company announced goodwill and intangible assets impairment of $97,716,000.