Every material Form 8-K Walker & Dunlop filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Walker & Dunlop reported a third-quarter 2026 net loss of $37.3 million, or $1.15 per diluted share, driven mainly by charges tied to the accelerated resolution of legacy loan repurchases and indemnifications. Total revenues fell 12% from the prior-year quarter to $298.4 million, and adjusted core EPS declined 25% to $0.92, a non-GAAP measure. The company says the GSE investigations are now complete and it plans to exit the remaining repurchased assets by early 2027.
Net loss of $37.3 million and diluted loss per share of $1.15 for Q3 2026, reflecting repurchase-related charges
Total revenues of $298.4 million, down 12% from Q3 2025; adjusted core EPS of $0.92, down 25%
Segment results include $63 million of repurchase-related charges, including $56 million of non-cash valuation adjustments
Board declared a $0.68 per share dividend for Q4 2026, payable December 4, 2026, to holders of record as of November 20, 2026
Walker & Dunlop entered into Amendment No. 1 to its existing credit agreement with JPMorgan Chase Bank, N.A. as administrative agent, dated October 26, 2026. The amendment increases revolving credit commitments from $50 million to $150 million and letter of credit commitments from $25 million to $75 million, giving the company more borrowing capacity under its credit facility.
Revolving credit commitments increased from $50 million to $150 million
Letter of credit commitments increased from $25 million to $75 million
Amendment dated October 26, 2026, amends the Amended and Restated Credit Agreement dated March 14, 2025
JPMorgan Chase Bank, N.A. serves as administrative agent; some lenders have other financial relationships with the company
Walker & Dunlop said Executive Vice President and Chief Operating Officer Stephen P. Theobald will retire effective March 31, 2027, after notifying the company on September 30, 2026. He will remain in the role until then, and his duties will be divided among other employees. The filing says his decision is not due to any disagreement with the company on its operations, policies or practices.
Stephen P. Theobald, EVP and Chief Operating Officer, notified the company on September 30, 2026 of his retirement.
Retirement is effective March 31, 2027, when he will cease to serve as an officer and employee.
His COO duties will be divided among other company employees; no successor is named in the filing.
He will continue as EVP and COO until his retirement date.
Walker & Dunlop and its subsidiary Walker & Dunlop, LLC signed Amendment No. 9 to a Master Repurchase Agreement with JPMorgan Chase Bank, N.A., extending the termination date to September 9, 2027. The company remains guarantor of the subsidiary's obligations, and a new side letter sets out fees, commitments and pricing for the facility.
Amendment No. 9 dated September 9, 2026 extends the Termination Date to September 9, 2027.
Walker & Dunlop, Inc. continues to guarantee the Seller's obligations under the agreement.
A Third Amended and Restated Side Letter dated September 9, 2026 replaces the Second Amended and Restated Side Letter dated September 11, 2025.
The filing does not state the facility size or pricing figures, which are in the redacted exhibits.
Walker & Dunlop reported second quarter 2026 total revenues of $306.7 million, down 4% from a year earlier, and net income of $3.0 million, or $0.09 per diluted share, down 91%. Adjusted core EPS rose 3% to $1.19, and transaction volume grew 3% to $14.4 billion. The company said the quarter included $23.2 million of operating and credit-related charges tied to legacy repurchased and indemnified loans, which shareholders will weigh against the adjusted measure.
Total revenues $306.7 million, down 4% from Q2 2025; net income $3.0 million; diluted EPS $0.09 versus $0.99 a year earlier
Adjusted core EPS $1.19, up 3% from Q2 2025 (non-GAAP)
Charges of $23.2 million tied to legacy indemnified and repurchased loans; repurchased loan exposure reduced by $39.4 million since quarter end to $153.8 million, with $41.7 million of reserves
Board declared a $0.68 per share dividend for Q3 2026, payable September 3, 2026, to holders of record as of August 20, 2026
Walker & Dunlop reported first-quarter 2026 results, with total revenues of $301.3 million, up 27% from a year earlier, and net income of $15.9 million, or $0.46 per diluted share, compared with $2.8 million, or $0.08 per share, in Q1 2025. Adjusted core EPS rose 20% to $1.02, but results include $10 million of indemnified and repurchased loan expenses.
Total transaction volume rose 94% to $13.7 billion; total servicing portfolio reached $146.4 billion as of March 31, 2026, up 8%.
Adjusted EBITDA was $73.8 million, up 14% from Q1 2025.
Board declared a $0.68 per share dividend for Q2 2026, payable June 4, 2026, to holders of record as of May 21, 2026.
The company repurchased $13.3 million of common stock in Q1 2026 at a weighted-average price of $47.13, with $61.7 million of repurchase capacity remaining.
Walker & Dunlop said it will hold a virtual Investor Day on March 10, 2026, covering its five-year strategy, called Journey to '30. The presentation, filed as Exhibit 99.1, includes 2026 outlook ranges and 2030 targets, which give shareholders the company's first stated multi-year financial goals in this filing.
Virtual Investor Day on Tuesday, March 10, 2026, with a live webcast starting at 9:00 a.m. Eastern Time
The presentation lists 2026 outlook ranges: diluted EPS $3.50-$4.00, adjusted core EPS $4.50-$5.00, and adjusted EBITDA $300-$325 million
The presentation lists 2030 targets: total revenues of $2 billion or more, diluted EPS and adjusted core EPS of $8.00-$10.00, and adjusted EBITDA of $400-$500 million
Walker & Dunlop and its operating subsidiary signed a seventeenth amendment to their warehousing credit agreement with PNC Bank on March 2, 2026. The amendment extends the facility's maturity to March 1, 2027, lowers the bulge commitment fee, and allows a temporary one-time advance of up to $2.5 billion through May 1, 2026.
Maturity of the warehousing agreement extended to March 1, 2027
Temporary one-time right to request an advance of up to $2.5 billion, available March 2, 2026 to May 1, 2026
Bulge Commitment Fee decreased; the company continues to guarantee the borrower's obligations
Walker & Dunlop reported a fourth-quarter 2025 net loss of $13.9 million, or $0.41 per diluted share, compared with net income of $44.8 million a year earlier, while total revenues were flat at $340.0 million. Transaction volume rose 36% to $18.3 billion, but the company recorded $66.2 million of expenses, mainly impairment charges and losses tied to underperforming assets and repurchased loans. The Board declared a $0.68 per share dividend for the first quarter of 2026.
Q4 2025 net loss of $13.9 million, or $0.41 per diluted share, versus net income of $44.8 million in Q4 2024
Total revenues of $340.0 million, flat from Q4 2024; total transaction volume up 36% to $18.3 billion
$66.2 million of expenses, primarily impairment charges on assets the company plans to sell in 2026 and losses on indemnified and repurchased loans
Quarterly dividend of $0.68 per share declared for Q1 2026, a 1.5% increase over the 2025 quarterly dividend
On January 29, 2026, Walker & Dunlop and its operating subsidiary amended their warehousing credit agreement with PNC Bank to, among other things, reduce the applicable daily floating Term SOFR rate. The company continues to guarantee the subsidiary's obligations under the amended agreement, so the change lowers the borrowing cost on this facility without changing the company's guarantee.
Sixteenth Amendment to the Second Amended and Restated Warehousing Credit and Security Agreement dated January 29, 2026, with PNC Bank, National Association, as lender
The amendment reduces the Applicable Daily Floating Term SOFR Rate; the filing does not state the amount of the reduction
The company continues to guarantee Walker & Dunlop, LLC's obligations under the agreement; the filing does not state the facility size
The amendment is filed as Exhibit 10.1 to the 8-K, which was signed February 2, 2026
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