Walter Investment Management Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's total revenues were $245,285,000 compared to $66,771,000 a year ago. The increase in net servicing revenue and fees primarily resulted from a $273.1 million improvement in fair value losses on mortgage servicing rights driven by changes in valuation inputs or other assumptions. Offsetting this increase was a $44.4 million decline in servicing fees primarily due to the planned shift of the third-party servicing portfolio from servicing to subservicing combined with runoff of the portfolio. Income before income taxes was $4,386,000 compared to loss of $278,891,000 a year ago. Net income was $1,888,000 compared to loss of $172,702,000 a year ago. Diluted earnings per common and common equivalent share were $0.05 compared to loss of $4.85 a year ago. Adjusted loss was $40,996,000 compared to adjusted loss of $39,515,000 a year ago. Adjusted EBITDA was $43,303,000 compared to $87,080,000 a year ago. Adjusted loss after tax was $25.4 million compared with $24.5 million a year ago. Adjusted loss after taxes per common and common equivalent share was $0.70 compared to $0.69 a year ago.