We study the dynamics of random walks hopping on homogeneous hypercubic lattices and multiplying at a fertile site. In one and two dimensions, the total number N(t) of walkers grows exponentially at a Malthusian rate depending on the dimensionality and the multiplication rate μ at the fertile site. When d>d_{c}=2, the number of walkers may remain finite forever for any μ; it surely remains finite when μ≤μ_{d}. We determine μ_{d} and show that 〈N(t)〉 grows exponentially if μ>μ_{d}. The distribution of the total number of walkers remains broad when d≤2, and also when d>2 and μ>μ_{d}. We compute 〈N^{m}〉 explicitly for small m, and show how to determine higher moments. In the critical regime, 〈N〉 grows as sqrt[t] for d=3, t/lnt for d=4, and t for d>4. Higher moments grow anomalously, 〈N^{m}〉∼〈N〉^{2m-1}, in the critical regime; the growth is normal, 〈N^{m}〉∼〈N〉^{m}, in the exponential phase. The distribution of the number of walkers in the critical regime is asymptotically stationary and universal, viz., it is independent of the spatial dimension. Interactions between walkers may drastically change the behavior. For random walks with exclusion, if d>2, there is again a critical multiplication rate, above which 〈N(t)〉 grows linearly (not exponentially) in time; when d≤d_{c}=2, the leading behavior is independent on μ and 〈N(t)〉 exhibits a sublinear growth.
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