Costs up, profits down: Closing a mortgage gets more expensive

Costs up, profits down: Closing a mortgage gets more expensive

In just one quarter the profit dropped $153 per loan

Blogatative Easing: Ben Bernanke, Brookings blogger

Return to the scene of the crime?

Mortgage brokers: Update your stump speech on mortgage lending, Mr. President

NAMB says mortgage brokers have been at forefront of reform
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Items Tagged with 'Nationstar Mortgage'

ARTICLES

Nationstar drops more than 10% in day's trading after $500M public offering

Investors seem wary of what the deal says
Trey Garrison
Yesterday's public offering of 17.5 million in common stock by Nationstar Mortgage to raise funding isn't pleasing investors. Here's what's happening on the Street.
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Nationstar to fund MSR purchases with stock offering

Announces plans to sell 17.5 million shares of common stock
Ben Lane
In the last month, Nationstar Mortgage reached two separate agreements with Ocwen Financial to purchase nearly $35 billion worth of mortgage servicing rights. Nationstar is planning to fund those purchases by executing a public offering of common stock.
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Ocwen speeds exodus from mortgage servicing with latest, massive MSR sale

Nationstar buys in bulk, expects more deals soon
Ben Lane
In what’s becoming a weekly occurrence, Ocwen Financial announced Tuesday that it will sell off another massive agency mortgage servicing rights portfolio. The buyer this time? Nationstar, which is expecting more, similar deals to come.
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JPMorgan to buy $45B in Ocwen MSRs

Ocwen continues to quietly exit servicing
Brena Swanson
At the end of last year, Ocwen CEO Ron Faris said the company planned to exit agency servicing entirely, and at the beginning of this month, the company revealed that it had one big MSR sale lined up. Now we know that JPMorgan Chase will buy $45 billion of Ocwen mortgage-servicing rights.
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Solutionstar adds Deva Kannan as chief information officer

Tasked with developing facilities in Seattle and Chennai, India
Ben Lane
As chief information officer, Kannan will lead the company’s technology and information service initiatives. One of his first projects will be the build-out of two research and development facilities in Seattle, Wash., and Chennai, India, the company said.
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Nationstar snaps up $9.8B MSR portfolio from Ocwen

This transaction is only the beginning
Brena Swanson
In the latest news for Ocwen Loan Servicing, the mortgage servicer is selling the residential mortgage servicing rights on a $9.8 billion portfolio to Nationstar Mortgage, potentially marking the beginning of more servicing transfers.
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Solutionstar names Ryan Lilly VP of business development

Joins from Wingspan Portfolio Advisors
Ben Lane
Lilly brings more than 10 years of experience to Solutionstar. Prior to joining Solutionstar, Lilly was a business development executive at Wingspan Portfolio Advisors.
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Chad Neel joins Solutionstar as executive vice president

Will oversee servicing solutions
Ben Lane
Solutionstar has hired Chad Neel as the company’s new executive vice president of servicing solutions. In this role, Neel will focus on launching new product, technology and service offerings for existing and new customers.
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Kal Raman named CEO of Solutionstar

Will lead new Solutionstar office in Seattle
Ben Lane
Raman joins Solutionstar from Groupon, where he was CEO of the company’s Asia Pacific region. Prior to that, he was Groupon’s chief operating officer.Prior to his time at Groupon, Raman served as vice president of global fulfillment at eBay.
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Solutionstar adds to senior leadership

Mark Johnson and Matt Slonaker named vice president
Ben Lane
Solutionstar named Mark Johnson as executive vice president of valuations and Matt Slonaker as senior vice president of business development. Soultionstar President Shawn Stone said that the company is excited to have Johnson and Slonaker join the Solutionstar team.
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