Exhibit 12.1

Walter Investment Management Corp.

Computation of Ratio of Earnings to Fixed Charges, Combined Fixed Charges and Preferred Stock Dividends (1)

	Nine Months Ended September 30,			Year Ended December 31,
(in thousands, except ratios and footnotes)	2014			2013		2012			2011			2010		2009
Income (loss) before income taxes	$	(10,280	)	$	412,818	$	(35,451	)	$	(6,133	)	$	38,345	$	37,618
Fixed charges:
Interest expense		226,261			272,655		179,761			136,246			81,729		88,647
Estimated interest portion of lease rental expense		7,493			7,966		4,083			2,181			659		500
Total fixed charges		233,754			280,621		183,754			138,427			82,388		89,147
Earnings	$	223,474		$	693,439	$	148,303		$	132,294		$	120,733	$	126,765
Fixed charges from above	$	233,754		$	280,621	$	183,754		$	138,427		$	82,388	$	89,147
Ratio of earnings to fixed charges (2)		NM	(3)		2.47x		NM	(3)		NM	(3)		1.47x		1.42x

(1) During the periods indicated, we had no outstanding shares of preferred stock. Accordingly, our historical ratio of earnings to combined fixed charges and preferred stock dividends is the same as our ratio of earnings to fixed charges in all periods presented.

(2) We computed the ratio of earnings to fixed charges by dividing earnings by fixed charges. For this purpose, earnings consist of income (loss) before income taxes plus fixed charges. Fixed charges consist of interest expense, including the estimated interest portion of lease rental expense.

(3) Due to our loss before income taxes for the nine months ended September 30, 2014 and the years ended December 31, 2012 and December 31, 2011, the ratio of earnings to fixed charges for each of those periods was less than 1:1. We required additional earnings of $10.3 million for the nine months ended September 30, 2014, $35.5 million for the year ended December 31, 2012 and $6.1 million for the year ended December 31, 2011 to achieve a coverage ratio of 1:1.