Exhibit 10.25
[ex1025fy2015q4image1a02.jpg]
February 10, 2015

Mr. David Schneider
205 W Hyde Park PL
#401
Tampa, FL 33606

Dear David:

We are pleased to offer you the position of Executive Vice President at Walter
Investment Management Corp. ("Walter" or the “Company”). The purpose of this
letter agreement (this "Agreement") is to outline the terms of your employment
with the Company. The effective date of this Agreement will be January 1, 2015
(the “Effective Date”).

1.
Subject to the terms and conditions of this Agreement, Walter shall employ you
as Executive Vice President with responsibility over Walter's forward servicing
operations. In this role, you will report to the Chief Executive Officer of the
Company or such other executive as the Company shall, in its discretion, appoint
(the “Designated Officer”). You will be responsible for directing all aspects of
the Company's forward servicing operations, along with such additional duties as
the Designated Officer may from time to time reasonably assign. In addition, you
shall comply with the general policies, standards and reputations of the Company
and perform such duties with fidelity and to the best of your ability. Such
responsibilities may change from time to time; provided that such changed
responsibilities shall be consistent in all material respects with your title.

2.
While employed hereunder, you will be eligible to receive the following payments
and benefits:

(a)
Base Salary

Your base salary will be $385,000 per year which shall be subject to annual
review and potential increase (but not decrease) by the Board of Directors and
paid in accordance with the regular payroll practices of the Company, as they
may change from time to time. Your base salary, as in effect from time to time,
is hereinafter referred to as the "Base Salary."

1

--------------------------------------------------------------------------------

(b)
Bonus

(i)
You will be eligible to participate in the Company's Management Incentive Plan,
as it may be amended from time to time (the “MIP”) and you will be eligible to
earn an annual target bonus under the MIP of $600,000, with the potential to
increase your bonus to a maximum of $900,000 in accordance with the terms of the
MIP; provided, however, that the actual amount of your bonus will be dependent
upon the achievement of annual financial and other goals consistent with those
established for other members of executive management, as well as the
accomplishment of individual objectives, established annually no later than the
end of the second quarter of the Company's fiscal year and communicated to you
in writing (the actual bonus awarded to you in any given year, which may be
greater or less than your target bonus, and may be zero if minimum thresholds
are not met, is referred to herein as your “Annual Bonus” for that year (the
“Bonus Year”).

(ii)
Unless otherwise expressly provided herein, in order to be eligible to receive
an Annual Bonus you must be employed by the Company at the time the bonus is
paid. The bonus for any Bonus Year will be payable to you in accordance with the
terms of the MIP at the same time as other senior executives of the Company are
paid, after the Company closes its books for the Bonus Year.

(c)
Long-Term Incentive

You will be entitled to participate in the Company's long-term incentive plan(s)
as in effect from time to time, beginning with the 2015 Company award cycle,
and, subject to your continued employment through and including the applicable
grant date, will receive a grant under the plan(s) with components and terms
that are consistent with awards granted to other members of the Company's
executive management. In 2015 such award will be valued at at least $750,000 on
the date of the award. The components and terms of any LTI award, and the
methodology for determining the economic value for such awards shall be as
provided in the plan(s) or otherwise as determined by the Company's Compensation
Committee in its discretion and provided to you in a grant document
memorializing such terms.

(d)
Benefits

(i)
You will be entitled to receive from the Company prompt reimbursement for all
reasonable out-of-pocket business expenses incurred by you in the performance of
your duties hereunder, in accordance with the most favorable policies, practices
and procedures of the Company relating to reimbursement of business expenses
incurred by Company directors, officers or employees in effect at any time
during the 12 month period preceding the date you incur the expenses; provided,
however, that any such expense reimbursement will be made no later than the last
day of the calendar year following the calendar year in which you incur the
expense, will not affect the expenses

2

--------------------------------------------------------------------------------

eligible for reimbursement in any other calendar year, and cannot be liquidated
or exchanged for any other benefit.
(ii)
You will be eligible to participate in the Company's group life and health
insurance benefit programs that are generally applicable to executives, in
accordance with their terms, as they may change from time to time.

(iii)
You will be eligible to participate in the Company's retirement plan that is
generally applicable to salaried employees, as it may change from time to time
and in accordance with its terms. Your eligibility to participate will be
consistent with the requirements of ERISA.

(iv)
You will be entitled to four weeks of annual vacation with carryover to be
treated as per the Company's vacation policy, as it may change from time to
time.

(v)
Your Benefits under this Agreement, including grants to you under the Company's
long-term incentive plan(s), will be subject to periodic review and increase by
the Board of Directors.

(e)
Recapitalization

Any equity award agreement will provide that in the event of any change in the
capitalization of the Company such as a stock split or a corporate transaction
such as a merger, consolidation, separation or otherwise, the number and class
of any equity you may have received, shall be equitably adjusted by the
Compensation Committee, in its sole discretion, to prevent dilution or
enlargement of rights.

3.
It is agreed and understood that your employment with the Company is to be at
will, and either you or the Company may terminate the employment relationship at
any time for any reason, with or without Cause, and with or without notice to
the other; nothing herein or elsewhere constitutes or shall be construed as a
commitment to employ you or to pay you severance, other than as stated herein,
for any period of time.

4.
While employed by Walter, you agree to devote your full business time and best
efforts to the performance of your duties hereunder and will not engage in any
other business, profession or occupation for compensation or otherwise which
would conflict or interfere with the rendition of such services either directly
or indirectly without the prior written consent of the Chief Executive Officer.
Notwithstanding the foregoing, you may manage your personal finances and engage
in charitable and civic activities, so long as such activities do not conflict
or interfere with the performance of your responsibilities hereunder.

5.
You agree that all inventions, improvements, trade secrets, reports, manuals,
computer programs, systems, tapes and other ideas and materials developed or
invented by you during the period of your employment with the Company, either
solely or in collaboration with others, which relate to the actual or
anticipated business or research of the Company, which

3

--------------------------------------------------------------------------------

result from or are suggested by any work you may do for the Company, or which
result from use of the Company's premises or the Company's customers' property
(collectively, the “Developments”) shall be the sole and exclusive property of
Walter. You hereby assign to the Company your entire right and interest in any
such Developments, and will hereafter execute any documents in connection
therewith that Walter may reasonably request.

6.
As an inducement to the Company to make this offer to you, you represent and
warrant that you are not a party to any agreement or obligation for personal
services, and there exists no impediment or restraint, contractual or otherwise
on your power, right or ability to accept this offer and to perform the duties
and obligations specified herein.

7.
In the event of a termination or cessation of your employment with the Company
for any reason, the sole rights and obligations of the Company in connection
with your termination shall be those provided under the relevant provision
below.

(a)
In the event that your employment is terminated for any reason, you will receive
(i) accrued but unpaid Base Salary earned through the date of termination,
payable in accordance with the Company's usual payment practices, (ii) any
unreimbursed expenses, payable in accordance with Section 2(e)(i), plus (iii)
payment for any accrued but unused vacation days, to the extent, and in the
amounts provided under the Company's usual policies and arrangements (the
“Accrued Obligations”).

(b)
In the event that you suffer a Disability, the Company may terminate your
employment on written notice thereof, or in the event of your death, in either
case, the Company will pay you (i) amounts payable pursuant to the terms of any
applicable disability insurance policy or similar arrangement (if any) that the
Company maintains, (ii) the Accrued Obligations, and (iii) any earned but unpaid
Annual Bonus for any year preceding the year in which the date of termination
occurs and a pro-rated Annual Bonus for the year of termination , in each case,
payable in accordance with the terms of the MIP (“Prior Bonus”).

(c)
Separately, and, in addition to the Accrued Obligations and any vesting of
equity-based awards as expressly provided for herein, in the event that your
employment (y) is terminated by the Company without Cause, or (z) is terminated
by you as a result of Constructive Termination (clauses (y) and (z), each, a
“Good Leaver Termination”), in each case, the Company will continue to pay (i)
your Base Salary as in effect on the termination date for a period of twelve
(12) months, payable in accordance with the Company's normal payroll practices,
as they may change from time to time, (ii) your Annual Bonus (which shall be in
an amount that is consistent with other Company executives of your level) for a
period of twelve (12) months, payable at the same time Annual Bonuses would
otherwise be payable had you remained employed during such period, (iii) any
unpaid Prior Bonus, and (iv) the Company's contribution towards your health,
dental and vision benefits for a period of twelve (12) months. By way of example
and for the sake of clarity, should your employment terminate pursuant to clause
(y) or (z) above on June 30 of any given year, you will be paid the pro-rated
Annual Bonus for the year in which your employment terminated, plus, the balance
of the Annual Bonus for the remainder of the year in which your employment
terminated (i.e., the Annual Bonus for the first six months of your 12 month
severance

4

--------------------------------------------------------------------------------

period) plus six months for the following year (the Annual Bonus for the
remaining 6 months of the 12 month severance period).

(d)
Payment of the severance payments and benefits set forth in Sections 7(b) and
(c) is subject to (a) your or, in the event of death, your heir's, execution,
delivery and non-revocation of a release, including a release of any claims
against the Company and its subsidiaries, substantially in the form attached
hereto as Appendix I within thirty (30) days following the termination of your
employment, (b) your compliance with the provisions of Sections 8 and 9 of this
Agreement, and (c) your resignation, effective as of the date of your
termination of employment, as an officer and/or director of the Company or any
of its subsidiaries or affiliates. In order to be entitled to the foregoing in
the event of Constructive Termination, you must provide written notice,
including details describing the basis of your claim, to the Company within 60
days of the occurrence of the event(s) giving rise to a claim of Constructive
Termination, and the Company will have 30 days to remedy any non­compliance. In
the event the Company fails or is unable to remedy any non-compliance, the
effective date of your termination of employment shall be 90 days from the date
the Company received notice, unless otherwise agreed in writing by you and the
Company. Should you fail to provide the foregoing notice, you will thereafter be
barred from receiving treatment under the Constructive Termination definition
based upon the events giving rise to the claim.

(e)
Any grants of equity that you receive subsequent to the date of this Agreement
and the disposition of such awards shall be subject to the terms and conditions
of the plan or program under which the awards are granted; provided; however,
that, to the extent not inconsistent with such plan or program, any such awards
will provide that, in the event of Constructive Termination, all such
outstanding unvested awards shall immediately vest.

(f)
For purposes of this Agreement, “Cause” shall mean (A) conviction of, or plea of
guilty or nolo contendere to, a felony arising from any act of fraud,
embezzlement or willful dishonesty in relation to the business or affairs of the
Company, (B) conviction of, or plea of guilty or nolo contendere to, any other
felony which is materially injurious to the Company or its reputation or which
compromises your ability to perform your job function, and/or act as a
representative of the Company, or (C) a willful failure to attempt to
substantially perform your duties (other than any such failure resulting from
your Disability), after a written demand for substantial performance is
delivered to you that specifically identifies the manner in which the Company
believes that you have not attempted to substantially perform such duties, and
you have failed to remedy the situation, to the extent possible, within fifteen
(15) business days of such written notice from the Company or such longer time
as may be reasonably required to remedy the situation, but no longer than
forty-five (45) calendar days. For purposes of this definition, no act or
failure to act on your part shall be considered to be Cause if done, or omitted
to be done, by you in good faith and with the reasonable belief that the action
or omission was in the best interests of, or were not, in fact, materially
detrimental to the Company or a Company subsidiary.

(g)
For purposes of this Agreement, "Constructive Termination" shall mean, without
your written consent: (A) a material failure of the Company to comply with the

5

--------------------------------------------------------------------------------

provisions of this Agreement; (B) a material diminution of your position
(including status, offices, title and reporting relationships), duties or
responsibilities or pay; (C) any purported termination of your employment other
than for Cause; or (D) if you are required to relocate more than 50 miles from
the Company's Tampa, Florida location; provided however, that any isolated,
insubstantial or inadvertent change, condition, failure or breach described
under clauses (A) - (D) above which is not taken in bad faith and is remedied by
the Company promptly after the Company's actual receipt of notice from you as
provided in this Section 7 shall not constitute Constructive Termination. For
purposes of this Agreement, a material diminution in pay shall not be deemed to
have occurred if the amount of your bonus fluctuates due to (i) a failure of you
or the Company to meet financial targets or performance considerations under the
MIP or other Company incentive plan applicable to you and in effect from time to
time or (ii) you experience a reduction in salary that is relatively comparable
to reductions imposed upon all senior executives of the Company. To be entitled
to severance benefits on the basis of Constructive Termination, the event
causing Constructive Termination must not be implemented for the purpose of
avoiding the restrictions of Section 409A of the Code.

8.
Non-Compete/Non-Solicit. It is understood and agreed that you will have
substantial relationships with specific businesses and personnel, prospective
and existing, vendors, contractors, customers, and employees of the Company that
result in the creation of customer goodwill. It is also understood and agreed
that the business of the Company is national in scope and that your duties could
be conducted remotely. Therefore, while employed by the Company and continuing
for a period of twelve months following the termination of your employment for
any reason (the "Restricted Period"), unless the Board of Directors approves an
exception, you shall not, directly or indirectly, for yourself or on behalf of,
or in conjunction with, any other person, persons, company, partnership,
corporation, business entity or otherwise:

(a)
Call upon, solicit, write, direct, divert, influence, accept business (either
directly or indirectly) with respect to any account or customer or prospective
customer of the Company or any corporation controlling, controlled by, under
common control with, or otherwise related to the Company or its affiliates, in
each case, for any purpose that is inconsistent with this non-compete provision;

(b)
Accept employment from or become an independent contractor for any Competitor
(as defined below) of the Company pursuant to which you would have the same or
substantially similar duties, in whole or in part, to the duties that you
perform for the Company; or

(c)
Hire away any independent contractors or personnel of Walter and/or entice any
such persons to leave the employ of the Company without the prior written
consent of the Company; provided, however, that the restriction contained in
this clause (c) shall extend through the one year anniversary of the expiration
of the Restricted Period. For purposes of this Agreement, "Competitor" shall
mean any business or division or unit of any business which provides, in whole
or in part, in the United States of America, servicing for and/or the
origination of mortgages and/or reverse mortgages. Notwithstanding the
foregoing, you shall not be subject to the restrictions set forth in

6

--------------------------------------------------------------------------------

Subsection 8(b) unless you are terminated under conditions giving rise to a
right to payments under Section 7(c) of this Agreement.

9.
Non-Disparagement. Following the termination of your employment under this
Agreement for any reason, neither you nor the Company shall, directly or
indirectly, for yourself or itself, or on behalf of, or in conjunction with, any
other person, persons, company, partnership, corporation, business entity or
otherwise:

(a)
Make any statements or announcements or give anyone authority to make any public
statements or announcements concerning the termination of your employment with
the Company, other than a mutually agreeable press release, if any, or

(b)
Make any statements that are inflammatory, detrimental, slanderous, or negative
in any way to the interests of you or the Company.

(c)
Nothing in this section shall prevent either patty from testifying or responding
truthfully to any request for discovery or testimony in any judicial or
quasi-judicial proceeding or any government inquiry, investigation or other
proceeding.

10.
You acknowledge and agree that you will respect and safeguard the Company's
property, trade secrets and confidential information. You acknowledge that the
Company's electronic communication systems (such as email and voicemail) are
maintained to assist in the conduct of the Company's business and that such
systems and data exchanged or stored thereon are Company property. In the event
that your employment with the Company terminates for any reason, you agree not
to disclose any Company trade secrets or confidential information you acquired
while an employee of the Company to any other person or entity, including
without limitation, a subsequent employer, or use such information in any
manner; provided, however, that any information which enters the public domain
other than by breach of this Agreement shall not be considered confidential and
provided, further, that nothing in this section shall prevent either party from
testifying or responding truthfully to any request for discovery or testimony in
any judicial or quasi-judicial proceeding or any government inquiry,
investigation or other proceeding.

11.
Clawback. Notwithstanding any other provisions in this Agreement to the
contrary, any incentive-based compensation, or any other compensation, paid to
you pursuant to this Agreement or any other agreement or arrangement with the
Company, which is subject to recovery under any present or future law,
government regulation or stock exchange listing requirement, will be subject to
such deductions and clawback as may be required to be made pursuant to such law,
government regulation or stock exchange listing requirement (or any policy
adopted by the Company pursuant to any such law, government regulation or stock
exchange listing requirement).

12.
Indemnification and Insurance. Effective as of the Effective Date, the Company
will enter into an Indemnification Agreement in a form provided by the Company
which agreement is incorporated herein by reference. In addition, during the
term of this Agreement, you will be covered by a Company held directors and
officers liability insurance policy, covering acts or omissions, which occur
prior to the termination of your employment.

7

--------------------------------------------------------------------------------

13.
Tax Compliance Delay in Payment. This Agreement is intended to comply with
Section 409A of the Code and will be interpreted accordingly. References under
this Agreement to the termination of your employment shall be deemed to refer to
the date upon which you have experienced a "separation from service" within the
meaning of Section 409A of the Code. If the Company reasonably determines that
any payment or benefit due under this Agreement, or any other amount that may
become due to you after termination of employment, is subject to Section 409A of
the Code, and also determines that you are a "specified employee", as defined in
Section 409A(a)(2)(B)(i) of the Code, upon your termination of employment for
any reason other than death (whether by resignation or otherwise), no amount may
be paid to you or on your behalf earlier than six months after the date of your
termination of employment (or, if earlier, your death) if such payment would
violate the provisions of Section 409A of the Code and the regulations issued
thereunder, and payment shall be made, or commence to be made, as the case may
be, on the date that is six months and one day after your termination of
employment (or, if earlier, one day after your death). For this purpose, you
will be considered a "specified employee" if you are employed by an employer, or
a subsidiary of a company, that has its stock publicly traded on an established
securities market or certain related entities have their stock traded on an
established securities market and you are a "key employee'', with the exact
meaning of "specified employee", "key employee" and "publicly traded" defined in
Section 409A(a)(2)(B)(i) of the Code and the regulations thereunder.
Notwithstanding the above, the Company hereby retains discretion to make
determinations regarding the identification of "specified employees" and to take
any necessary corporate action in connection with such determination. To the
extent any reimbursements or in-kind benefits due to you under this Agreement
constitute "deferred compensation" under Section 409A of the Code, any such
reimbursements or in-kind benefits shall be paid to you in a manner consistent
with Treasury Regulation Section l.409A-3(i)(l)(iv). For purposes of Section
409A of the Code, each payment made under this Agreement shall be designated as
a "separate payment" within the meaning of Section 409A of the Code.

14.
You acknowledge and agree that you have read this Agreement carefully, have been
advised by the Company to consult with an attorney regarding its contents, and
that you fully understand the same.

15.
The Company may withhold from any amounts payable under this Agreement such
Federal, state and local taxes as may be required to be withheld pursuant to any
applicable law or regulation.

16.
It is agreed and understood that this Agreement shall constitute our entire
agreement with respect to the subject matter hereof and shall supersede all
prior agreements, discussions, understandings and proposals (written or oral)
relating to your employment with the Company. This Agreement will be interpreted
under and in accordance with the laws of the State of Florida without regard to
conflicts of laws. The parties hereto agree to resolve any dispute over the
terms and conditions or application of this Agreement through binding
arbitration pursuant to the rules of the American Arbitration Association
("AAA"). The arbitration will be heard by one arbitrator to be chosen as
provided by the rules of the AAA and shall be held in Tampa, Florida.
Notwithstanding the foregoing, in the event of a breach or threatened breach of
the provisions of Sections 8-10, the party that is in breach or in threatened
breach acknowledges and agrees that the other party will suffer irreparable harm
that is not subject to being cured with monetary damages and that the aggrieved
party shall be entitled to

8

--------------------------------------------------------------------------------

injunctive relief in a state court of the State of Florida. In any case, in the
event you prevail in the dispute, the Company will pay your reasonable fees and
costs in connection with the matter (including attorneys' fees). Whether you
have prevailed or not shall be determined by the arbitrator or the court, as the
case may, or if the arbitrator or court declines to determine whether or not you
have prevailed, you will be deemed to have prevailed if in the case of monetary
damages you receive in excess of 50% of what you demanded, or if the case has
been filed against you, if the Company receives less than 50% of what it has
demanded.

17.
Survival. Sections 5, 7 - 13, 16, and 17 shall survive termination of your
employment.

[The Remainder of This Page is Intentionally Left Blank]

9

--------------------------------------------------------------------------------

If the terms contained within this Agreement are acceptable, please sign one of
the enclosed copies and return it to me in the envelope provided and retain one
copy for your records.

Very truly yours,

Walter Investment Management Corp.

/s/ Mark O’Brien                
By:    Mark O’Brien
Its:    Chairman and Chief Executive Officer

ACCEPTANCE

I have read the foregoing, have been advised to consult with counsel of my
choice concerning the same, and I fully understand the same. I approve and
accept the terms set forth above as governing my employment relationship with
the Company subject to the satisfactory completion of background, reference and
credit checks, and a drug test.

Signature /s/ David Schneider                     Date _02/25/15________

10

--------------------------------------------------------------------------------

APPENDIX I
SEPARATION AGREEMENT
AND GENERAL RELEASE OF CLAIMS

This Separation Agreement and General Release of Claims (“Release”) is entered
into by and between Walter Investment Management Corp., and its subsidiaries,
predecessors , successors, assigns, affiliates, insurers and related entities,
(hereinafter collectively referred to as “Employer”) and David Schneider
(hereinafter “Employee”). In consideration for the mutual promises set forth
below, Employer and Employee agree as follows:

1.    Employer and Employee are parties to a contract of employment (“Employment
Contract”) to which this Release has been attached and incorporated by
reference. Employee's employment with Employer has been terminated and, pursuant
to the terms of the Employment Contract, Employee must execute this Release in
order to receive the severance set forth in the Employment Contract.

2.    In consideration for the promises and covenants set forth in the
Employment Contract and this Release, including, specifically but without
limitation, the general release set forth in paragraph 3 below, Employee will be
paid in accordance with Section 7 of the Employment Contract. Payments to
Employee will be made at such times as are set forth in the Employment Contract.

3.Employee agrees, on behalf of himself, and his heirs, executors,
administrators, successors in interest and assigns that, except as specifically
provided herein, Employee will not file, or cause to be filed, any charges,
lawsuits, or other actions of any kind in any forum against Employer and/or its
officers, directors, employees, agents, successors and assigns and does hereby
further release and discharge Employer and all of its affiliated or related
entities, and each of their respective parents, successors, officers, directors,
employees, agents, successors and assigns (the “Released Parties”) from any and
all claims, causes of action, rights, demands, and obligations of whatever
nature kind or character which you may have, known or unknown, against them
(including those seeking equitable relief) alleging, without limitation, breach
of contract or any tort, legal actions under Title VII of the Civil Rights Act
of 1964, as amended, Section 1981 of the Civil Rights Act of 1966, as amended,
the Rehabilitation Act of 1973, as amended, the Employee Retirement Income
Security Act of 1974, as amended, the Fair Labor Standards Act of 1938, as
amended, the Age Discrimination in Employment Act of 1967, as amended, (the
“ADEA”) (except to the extent claims under the ADEA arise after the date on
which this Release is signed by Employee), the Older Workers' Benefit Protection
Act, as amended, the Americans with Disability Act, the Civil Rights Act of
1991, or any state, Federal, or local law or any tort, contract, and
quasi-contract or other common law claim or cause of action concerning age,
race, religion, national origin, handicap, or any other form of discrimination,
or otherwise relating in any way to, Employee's employment with the Company or
Employee's separation from the Company or the Company (in its capacities as
Employee's former employer or otherwise) or the other Released Parties,
including any and all future claims, except claims arising in connection with
rights and obligations under this Release or as specifically provided in
paragraph 4 or 8 below. Employee further agrees to waive and release any claim
for damages occurring at any time after the date of this Release because of any
alleged continuing effect of any alleged acts or omissions involving Employee
and/or Employer which occurred on or before the date of this Release.

11

--------------------------------------------------------------------------------

4.Notwithstanding anything contained in this Release to the contrary, the
general release set forth in paragraph 3 shall not apply to any claim s under
any equity, option or other Employer incentive plan or award, which shall be
governed by the terms and conditions of such plan(s) or award. Furthermore,
claims relating to the breach of, or to enforce, the severance or any surviving
provision of the Employment Contract, the terms of any indemnification
agreement, or any other rights to indemnification, expense advancement, or
contribution are expressly not released.

5.Employee represents that he has not filed any charges, including, but not
limited to, charges against the Company with the Equal Employment Opportunity
Commission (“EEOC”), suits, claims or complaints against the Company or a
Released Party. This Release forever bars all actions, claims and suits which
arose or might arise in the future from any occurrences arising prior to the
date of this Release and authorizes any court or administrative agency to
dismiss any claim filed by Employee with prejudice. If any administrative agency
files any charge, claim or suit on Employee's behalf, Employee agrees to waive
all rights to recovery of any equitable or monetary relief and attorneys' fees.

6.Except as required by law, and unless and until this Release is disclosed by
the Company or any of its affiliates as may be required by law, the parties to
this Release agree that the existence and terms of this Release will remain
confidential; provided that Employee may reveal the terms of the Release to
Employee's legal, tax and financial advisors, and immediate family so long as
Employee advises each such person that they must keep its terms confidential on
the same basis as is required of Employee.

7.    This Release shall not in any way be construed as an admission by Employer
or Employee that they have acted wrongfully with respect to each other or that
one party has any rights whatsoever against the other or the other Released
Parties.

8.    Employee and Employer specifically acknowledge the following:

a.
Employee does not release or waive any right or claim which Employee may have
which arises after the date of this Release.

b.
In exchange for this general release, Employee acknowledges that Employee has
received separate consideration beyond that which Employee is otherwise entitled
to under Employer's policy or applicable law.

c.
Employee is releasing, among other rights, all claims and rights under the Age
Discrimination in Employment Act (“ADEA'”) and the Older Workers' Benefit
Protection Act (“OWBPA”), 29 U.S.C. §621, et seq.

d.
Employee has twenty-one (21) days to consider this Release.

e.
Employee has seven (7) days to revoke this Release after acceptance. However,
this Release will not become effective and no consideration will be paid until
after the revocation of the acceptance period has expired. Additionally, for the
revocation to be effective, Employee must give written notice of Employee's
revocation to Employer's General Counsel, stating “I hereby revoke the Release

12

--------------------------------------------------------------------------------

and General Release of Claims I executed on [insert date]” and such revocation
must be postmarked via certified mail within such seven (7) day period to Walter
Investment Management Corp., attention Human Resources, 3000 Bayport Drive,
Tampa, FL 33607.
f.
Employee will resign as an officer and/or director of Walter Investment
Management Corp. or any of its affiliates or subsidiaries.

9.     Should Employee breach any provision of this Release, Employer's
obligation to continue to pay the consideration set forth herein shall cease and
Employer shall have no further obligation to Employee. All other terms and
conditions of this Release, including, but not limited to, the general release
in paragraph 3 shall remain in full force and effect. Should Employer breach any
provision of this Release, the Employee's obligations hereunder shall cease and
Employee shall have no further obligations pursuant to this Release.

10.    This Release shall be binding upon Employer, Employee and upon Employee's
heirs, administrators, representatives, executors, successors and assigns, and
shall inure to the benefit of Employer and the other released parties and their
successors and assigns.

11.    Employee and Employer acknowledge that this Release and the Employment
Contract shall be considered as one document and that, except as set forth
herein and therein, including without limitation the provisions of paragraphs 4
and 8 of this Release, any and all prior understandings and agreements between
the parties to this Release with respect to the subject matter of this Release
and/or the Employment Contract are merged into the Employment Contract and this
Release, which fully and completely expresses the entire understanding of the
parties with respect to the subject matter hereof and thereof.

12.    Employee represents that no inducements, statements, or representations
have been made that are not set out in this Release and that Employee does not
rely on any inducements, statements, or representations not set forth herein or
therein. Employee further represents that he enters into this Release knowingly
and voluntarily and on his own free will and choice and that he has been
encouraged and given significant opportunity to consult with an attorney of his
choice.

13.    This Release shall in all respects be interpreted, enforced and governed
under the laws of the State of Florida. The language of all parts of this
Release shall in all cases be construed as a whole, according to its fair
meaning, and not strictly for or against any of the parties to this Release.
Should any provision of this Release be declared or be determined by any Court
to be illegal or invalid, the validity of the remaining parts, terms or
provisions shall not be affected thereby and said illegal or invalid part, term
or provision shall be deemed not to be a part of this Release.

14.    This Release may be executed in one or more counterparts, each of which
shall be deemed an original and all of which shall constitute one and the same
instrument.

13

--------------------------------------------------------------------------------

DAVID SCHNEIDER

By:
Name Printed:
Date:
WALTER INVESTMENT MANAGEMENT CORP.

By:
Title:
Date:

        

14