UPDATE: Wells Fargo Downgrades Walter Investment Management on Potential Negative Factors Ahead

In a report published Friday, Wells Fargo Securities analyst Joel Houck downgraded the rating on Walter Investment Management Corp. (NYSE: WAC ) from Outperform to Market Perform. In the report, Wells Fargo Securities noted, “We are downgrading shares of WAC from Outperform to Market Perform. Our downgrade to a Market