EXCLUSIVE: Morris Schneider Wittstadt officially files for Chapter 11 bankruptcy

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Items Tagged with 'Nationstar Mortgage'

ARTICLES

Steven Cohen’s Point72 Asset Management discloses passive stake in Nationstar

Now owns more than 5% of nonbank
Ben Lane
A filing with the Securities and Exchange Commission revealed that Point72 Asset Management and its founder, billionaire Steven Cohen, own more than 5% of Nationstar Mortgage Holdings.
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Nationstar launches end-to-end real estate platform Xome

Solutionstar’s transition is complete
Ben Lane
Online real estate’s new kid on the block is here and ready to upset the apple cart in a big way. After weeks of beta testing, Xome officially launched Tuesday, offering “the world’s first integrated, end-to-end digital platform for real estate, with the promise of connecting every major touch point in the transaction process, from finding a home to closing the deal.”
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Freddie Mac completes sale of $201 million pool of Ocwen-serviced loans

Third sale of the year
Brena Swanson
The chain continues as Freddie Mac announced it officially sold 1,052 deeply delinquent Ocwen serviced non-performing loans from its mortgage investment portfolio as part of its Standard Pool Offerings.
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Another Nationstar executive stepping down

David Hisey resigns as EVP, chief strategy and external affairs officer
Ben Lane
For the second week in a row, a high-level executive at Nationstar Mortgage Holdings is resigning. Nationstar announced Wednesday that David Hisey, who served as executive vice president, chief strategy and external affairs officer, informed the company that he is resigning, effective at the close of business on June 19.
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Nationstar President Harold Lewis stepping down

Led company's servicing operations
Ben Lane
The leader of Nationstar Mortgage Holdings’ servicing operations is stepping down. Nationstar’s president and chief operating officer, Harold Lewis, informed the company Wednesday that he intends to retire and will resign from his positions, effective May 31.
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Nationstar significantly downgraded by analysts

FBR Capital, Oppenheimer and Barclays wary of nonbank’s future
Ben Lane
In the wake of posting a loss in the first quarter, several analysts are downgrading Nationstar Mortgage Holdings and questioning what the future holds for the nonbank. Here's what FBR Capital, Oppenheimer and Barclays think about Nationstar.
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Solutionstar re-launches as one-stop shop for homes and mortgages

Nationstar CEO: We expect to revolutionize real estate
Ben Lane
The Zillow Group, Realtor.com, Redfin and every other site battling for the online real estate title are about to have a new competitor to worry about, and the new kid on the block is expecting to “revolutionize the way real estate transacts.” But this new kid isn’t a start-up, it is backed by one of the industry’s largest players – Nationstar Mortgage Holdings.
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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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