FTC Clears Walter Investments' $1B Green Tree Buy

Law360, New York (April 26, 2011, 11:44 AM EDT) -- The Federal Trade Commission on Tuesday granted an early termination to its antitrust review of portfolio owner Walter Investment Management Corp.'s $1.06 billion purchase of Green Tree, the mortgage loan servicer bought by Centerbridge Capital Partners LLC in 2007.

The FTC said it had accepted the companies' request for an early termination, meaning the agency had completed its antitrust review of the deal and decided not to take any enforcement action during the statutory waiting period.

On March 28, Tampa, Fla.-based Walter Investment said it planned...
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