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Items Tagged with 'Nationstar Mortgage'

ARTICLES

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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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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