Are record-low interest rates masking high-cost mortgage lending?

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Servicing / The Ticker

Nationstar and Walter Investment stocks tumble alongside Ocwen

Stock tickers

Servicer stocks had a tough week. According to Seeking Alpha, after Ocwen Financial’s (OCN) stocks experienced close to a 10% two-day tumble, Nationstar (NSM) and Walter Investment Corp. (WAC) stocks also declined.

An interesting exchange on the earnings call (transcript) has analyst Ryan Zacharia puzzled about management blaming the OneWest and ResCap onboarding for the slow revenue number and margin fall. In Zacharia's mind, this timing was fully expected and he's curious for maybe something else behind the miss.

Source: Seeking Alpha
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