Walter Investment Management Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company's total revenues were $66,771,000 compared to $310,857,000 a year ago. Loss before income taxes was $278,891,000 compared to $49,678,000 a year ago. Net loss was $172,702,000 compared to $31,008,000 a year ago. Diluted loss per common and common equivalent share was $4.85 compared to $0.82 a year ago. Adjusted loss was $28,662,000 compared to adjusted earnings of $61,792,000 a year ago. Adjusted EBITDA was $87,080,000 compared to $162,696,000 a year ago. Adjusted loss after taxes per common and common equivalent share was $0.50 compared to earnings per share of $1.02 a year ago. First quarter performance was significantly impacted by the challenging rate environment. The decline in rates drove a volatile MSR market and negatively impacted results through the revaluation of mortgage servicing rights and accelerated prepayments.