UPDATE: Oppenheimer Initiates Coverage on Walter Investment Management on Valuation, Lack of Earnings Consistency

In a report published Tuesday, Oppenheimer analyst Ben Chittenden initiated coverage on Walter Investment Management Corp. (NYSE: WAC ) with a Perform rating. In the report, Oppenheimer noted, “We are initiating coverage of Walter Investment Management (WAC) with a Perform rating. WAC has spent the last few years acquiring all