Exhibit 99.1

WALTER INVESTMENT MANAGEMENT CORP. ANNOUNCES STRONG

SECOND QUARTER FINANCIAL AND OPERATIONAL RESULTS

(Tampa, Fla.) – Walter Investment Management Corp. (NYSE MKT: WAC) (“Walter Investment” or the “Company”) today announced highlights and results for the quarter ended June 30, 2012.

“Our strong financial performance continues to produce stable and consistent earnings which have allowed us to repay our acquisition debt and substantially lower our leverage ratio since our acquisition of Green Tree a year ago,” stated Mark J. O’Brien, Walter Investment’s Chairman and CEO. “We continue to exceed our clients’ expectations for performance on serviced portfolios and are seeing operational improvements in our Loans & Residuals segment and our ARM business. Based on our continued track record of performance, as well as the significant amount of new business opportunity in the market and in our pipeline, we expect to see continued strong performance and results in the second half of this year.”

In addition to results for the second quarter, the Company also provided additional information on its business development activities and outlook for the remainder of 2012.

3000 Bayport Drive, Suite 1100, Tampa, Florida 33607

813.421.7600 www.walterinvestment.com

“We continue to focus our business development efforts on those prospects we believe will drive strong growth in both our serviced portfolio and financial results,” said Chairman and CEO Mark O’Brien. “We believe we will be successful in winning meaningful servicing opportunities with both existing and new clients during the second half of 2012. Through the further development of our delinquency flow programs, additional transfers of subservicing, and the opportunistic purchase of MSRs, we expect to continue to leverage our servicing platform and achieve our growth objectives.”

Second Quarter 2012 Financial and Operating Highlights

The Company’s results for all periods presented reflect the results for Walter Investment, with the results for Green Tree included only for the post-acquisition period since July 1, 2011. In most cases, material changes from prior periods are attributable to the acquisition of Green Tree.

Total revenue for the second quarter was $164.1 million as compared to $48.1 million in the year-ago period. Results for the current quarter reflect $101.9 million of servicing revenue and fees, $16.8 million of insurance revenue and $5.0 million of other income. Total revenue was essentially flat with the first quarter as increased incentive and performance fees in the ARM segment were largely offset by lower contractual revenues in the servicing segment.

Total expense increased from $51.5 million in the second quarter of 2011 to $164.1 million in the second quarter of 2012. This year-over-year increase includes the operating and overhead costs, including salaries and benefits and general and administrative expenses, of Green Tree. Expenses for the second quarter of 2012 also included $24.8 million of increased depreciation and amortization expense, $19.9 million of higher interest expense on corporate debt and $2.2 million of transaction and integration-related costs associated with the Green Tree acquisition. Total expenses were essentially flat with the first quarter as an increase in general and administrative expenses was largely offset by decreases in salaries and benefits and interest expense.

Segments

The results of the Company’s segments are presented in the narrative below:

Servicing

The Servicing segment generated revenue of $98.7 million in the second quarter, which included $74.2 million of servicing fees, $14.4 million of incentive and performance-based fees, and $9.1 million of ancillary and other fees. Expense for the Servicing segment was $93.6 million, which included $21.8 million of depreciation and amortization expense resulting from Walter Investment’s acquisition of Green Tree. The segment generated income before income taxes of $4.8 million for the quarter ended June 30, 2012. The Servicing segment’s core earnings before income taxes for the second quarter was $26.2 million after adjusting for the impact of the step-up depreciation and amortization, share-based compensation expense and non-cash interest expense. The decrease as compared to the $31.1 million of core earnings in the first quarter reflects the impact of the lower contractual servicing fees coupled with higher servicing expenses.

Asset Receivables Management (“ARM”) and Insurance

The ARM segment generated revenue of $9.5 million and expense of $7.4 million in the quarter ended June 30, 2012. Core earnings before income taxes in the second quarter was $4.2 million after adjusting for step-up depreciation of $1.9 million and a minimal amount of share-based compensation expense. Core earnings before income taxes for the segment was $3.4 million in the first quarter of 2012.

Walter Investment’s Insurance segment generated revenue of $17.0 million, offset by expenses of $10.0 million for the second quarter. Insurance segment income before income taxes for the quarter was $7.0 million. Segment core earnings before income taxes was $8.8 million for the quarter ended June 30, 2012, as compared to $11.7 million in the first quarter of 2012. The decrease was a result of the lower number of set-ups from the Walter Investment portfolio due to the conversion of policies in that portfolio during the first quarter as compared to a more normalized number of set-ups during the second quarter.

Loans and Residuals

The Loans and Residuals segment, which includes the legacy Walter Investment owned portfolio, generated interest income of $40.5 million for the second quarter of 2012, consistent with interest income generated in the first quarter of 2012. Total expense for the segment was $32.7 million, including $23.4 million of interest expense on securitized debt. The Loans and Residuals segment generated income before income taxes of $7.9 million and pre-tax core earnings of $8.2 million for the second quarter of 2012. This compares to income before income taxes of $6.0 million and pre-tax core earnings of $6.7 million for the first quarter of 2012.

Performance of the Walter Investment legacy portfolio included delinquencies of 5.8% at June 30, 2012, 34 bps higher as compared to those at March 31, 2012, consistent with historical seasonal movement in these metrics. The delinquency rate was 122 basis points higher than the 4.58% ratio in the prior year period, reflecting the higher expected rates of delinquencies for loans acquired at significant discounts in 2010 and 2011. Levels of REO inventory declined 13% as compared to the prior year period, evidencing the Company’s continued commitment to reducing levels of REO inventory.

Conference Call Webcast

Members of the Company’s leadership team will discuss Walter Investment’s fourth quarter an full year results and other general business matters during a conference call and live webcast to be held on Thursday, August 9, 2012, at 10 a.m. Eastern Time. To listen to the event live or in an archive, which will be available for 30 days, visit the Company’s website at www.walterinvestment.com.

About Walter Investment Management Corp.

Walter Investment Management Corp. is an asset manager, mortgage servicer and mortgage portfolio owner specializing in less-than-prime, non-conforming and other credit-challenged mortgage assets. Based in Tampa, Fla., the Company has over 2,600 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.

Pro Forma Adjusted EBITDA

Pro Forma Adjusted EBITDA is presented in accordance with its definition in the Company’s credit agreements and represents income before income taxes, depreciation and amortization, interest expense on corporate debt, transaction and integration related costs, the net effect of the non-residual VIEs and certain other non-cash income and expense items. Pro Forma Adjusted EBITDA also includes an adjustment to reflect synergies and, for periods prior to the acquisition, adjustments to reflect Green Tree as having been acquired at the beginning of the year.

Disclaimer and Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning Walter Investment’s plans, beliefs, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on Walter Investment’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause Walter Investment’s results to differ materially from current expectations include, but are not limited to: Walter Investment’s ability to implement its strategic initiatives, particularly as they relate to our ability to develop new business, including the implementation of delinquency flow programs and the receipt of new business, which are both subject to customer demand, approval and timing, and the availability of MSRs at acceptable prices, along with the availability of capital to purchase MSRs; the Company’s ability to earn anticipated levels of performance and incentive fees on serviced business; continued performance of the loans and residuals segment; economic, political and market conditions and fluctuations, government and industry regulation, including any new regulation, increased costs, and/or decrease in revenues that may result from increased scrutiny by government regulators and customers on lender-placed insurance; interest rate risk and U.S. competition; and other factors detailed in Walter Investment’s 2011 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by Walter Investment that the projections will prove to be correct. This press release speaks only as of this date. Walter Investment disclaims any duty to update the information herein.

Walter Investment Management Corp.

Segment Revenues and Operating Income

For the Three Months Ended June 30, 2012

(in thousands)

Walter Investment Management Corp. and Subsidiaries

Consolidated Statements of Comprehensive Income (Loss)

(in thousands, except per share amounts)

Walter Investment Management Corp. and Subsidiaries

Consolidated Balance Sheets

(in thousands, except share amounts)

ASSETS OF THE CONSOLIDATED SECURITIZATION TRUSTS THAT CAN ONLY BE USED TO SETTLE THE OBLIGATIONS OF THE CONSOLIDATED SECURITIZATION TRUSTS:

Reconciliation of GAAP Income Before Income Taxes to Non-GAAP Core Earnings

and Pro Forma Adjusted EBITDA

For the Three Months Ended June 30, 2012

(in millions except per share amounts)

Use of Non-GAAP Measures

Generally Accepted Accounting Principles (“GAAP”) is the term used to refer to the standard framework of guidelines for financial accounting. GAAP includes the standards, conventions, and rules accountants follow in recording and summarizing transactions and in the preparation of financial statements. In addition to reporting financial results in accordance with GAAP, the Company has provided non-GAAP financial measures, which it believes are useful to help investors better understand its financial performance, competitive position and prospects for the future.

Core earnings (pre-tax and after-tax), core earnings per share and Pro Forma Adjusted EBITDA are financial measures that are not in accordance with GAAP. See the Non-GAAP Reconciliations above for a reconciliation of these measures to the most directly comparable GAAP financial measures.

Core earnings (pre-tax and after-tax) and core earnings per share measure the Company’s financial performance excluding depreciation and amortization costs related to business combination transactions, transaction and merger integration-related costs, certain other non-cash adjustments, and the net impact of the consolidated Non-Residual Trust VIEs.

Pro Forma Adjusted EBITDA measures the Company’s financial performance excluding depreciation and amortization costs, corporate and MSR facility interest expense, transaction and merger integration-related costs, certain other non-cash adjustments, the net impact of the consolidated Non-Residual Trust VIEs and certain other items as defined by our first and second lien credit agreements, including, but not limited to pro forma synergies.

Core earnings (pre-tax and after-tax) and core earnings per share may also include other adjustments, as applicable based upon facts and circumstances, consistent with the intent of providing investors a means of evaluating our core operating performance.

The Company believes that these Non-GAAP Financial Measures can be useful to investors because they provide a means by which investors can evaluate the Company’s underlying key drivers and operating performance of the business, exclusive of certain adjustments and activities that investors may consider to be unrelated to the underlying economic performance of the business for a given period.

Use of Core Earnings and Pro Forma Adjusted EBITDA by Management

The Company manages the business based upon the achievement of core earnings, Pro Forma Adjusted EBITDA and similar targets and has designed certain management incentives based upon the achievement of Pro Forma Adjusted EBITDA in order to assess the underlying operational performance of the continuing operations of the business for the year and to have a basis to compare underlying operating results to prior and future periods.

Limitations on the Use of Core Earnings and Pro Forma Adjusted EBITDA

Since core earnings (pre-tax and after-tax) and core earnings per share measure the Company’s financial performance excluding depreciation and amortization costs related to acquisitions, transaction and merger integration-related costs, certain other non-cash adjustments, and the net impact of the consolidated Non-Residual Trust VIEs, they may not reflect all amounts associated with our results as determined in accordance with GAAP.

Pro Forma Adjusted EBITDA measures the Company’s financial performance excluding depreciation and amortization costs, corporate and MSR facility interest expense, transaction and merger integration-related costs, certain other non-cash adjustments, the net impact of the consolidated Non-Residual Trust VIEs and certain other items as defined by our first and second lien credit agreements, including, but not limited to pro forma synergies, they may not reflect all amounts associated with our results as determined in accordance with GAAP

Core earnings (pre-tax and after-tax), core earnings per share and Pro Forma Adjusted EBITDA involve differences from segment profit (loss), income (loss) before income taxes, net income (loss), basic earnings (loss) per share and diluted earnings (loss) per share computed in accordance with GAAP. Core earnings (pre-tax and after-tax), core earnings per share and Pro Forma Adjusted EBITDA should be considered as supplementary to, and not as a substitute for, segment profit (loss), income (loss) before income taxes, net income (loss), basic earnings (loss) per share and diluted earnings (loss) per share computed in accordance with GAAP as a measure of the Company’s financial performance.

Any non-GAAP measures should be considered in context with the GAAP financial presentation and should not be considered in isolation or as a substitute for GAAP earnings. Further, the non-GAAP measures presented by Walter Investment may be defined or calculated differently from similarly titled measures of other companies.