Items Tagged with 'Nationstar Mortgage'

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NY AG reportedly investigating Nationstar Mortgage, OneWest Bank reverse mortgage divisions

Still in early stages
New York is ramping up its focus on the practices of reverse mortgage lenders as of late. After introducing plans to increase the regulations surrounding reverse mortgages in the state earlier this month, New York is now reportedly also investigating practices related to the servicing of reverse-mortgages at Financial Freedom, a part of OneWest Bank, and at Champion Mortgage, a unit of Nationstar Mortgage.
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Exclusive: Nationstar CEO Jay Bray on impact of 'surprising' election; higher interest rates

Plus, what does potential regulatory rollback mean for Nationstar's future?
Count Nationstar Mortgage CEO Jay Bray among those who were surprised by the election of Donald Trump, but Bray tells HousingWire that he is looking forward to working with the incoming Trump administration and is cautiously optimistic on the impact that the president-elect could have on the financial services business. Here's part two of HousingWire's exclusive interview with Bray.
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Exclusive: Nationstar CEO Jay Bray on Mr. Cooper, the company's future

HousingWire gets an inside look at Nationstar's big plans
Given the company’s recent radio silence on its massive rebranding efforts, it may seem like Nationstar Mortgage’s transformation into Mr. Cooper is in a perpetual holding pattern. But when one visits Nationstar’s headquarters in the Dallas suburb of Coppell, it’s clear that Mr. Cooper is both the company’s present and its future. In an exclusive interview, HousingWire sat down with Nationstar CEO Jay Bray to find out more about Mr. Cooper and what it means for Nationstar.
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Nationstar Mortgage servicing portfolio now bigger than ever

Net income hits $51 million
The news only got better for Nationstar Mortgage Holdings in the third quarter, as the mortgage servicer recorded its largest servicing portfolio in its history. The positive results are a continued boost from its results last quarter when it reported the best quarter since the second quarter of 2015, coming off a shaky start to the year.
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Fitch: Nationstar's internal improvements solidify servicer standing

Ratings agency cites improved borrower communication as positive
Earlier this year, Nationstar Mortgage announced plans to completely rebrand itself, combining its originations and servicing business under the name Mr. Cooper. At the heart of the company’s rebranding plan was its effort to "change the home loan experience." Reviews are now beginning to come in on Nationstar’s new customer focus, and the early reviews are positive.
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Whither Mr. Cooper? When is Nationstar's rebranding actually going to happen?

Company noticeably silent on rebranding efforts in earnings materials
Earlier this year, Nationstar Mortgage confirmed that the company would be launching a massive rebranding effort, combining its originations and servicing business under the name Mr. Cooper, with a plan to begin using the new name in the summer of 2016. Well, as the calendar ticks towards fall with little movement on the Mr. Cooper front, at least officially, it begs the questions: Is Nationstar actually going to rebrand to Mr. Cooper or not? And if so, when?
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Bomb threat forces evacuation of Nationstar corporate headquarters

Threat called in on nearby unaffiliated building; all-clear given after several hours
The corporate headquarters for Nationstar Mortgage, home to approximately 900 of the company's employees, sat vacant for several hours Monday morning as a bomb threat to a nearby unaffiliated building forced an evacuation. After a few hours, Dallas Police gave the "all clear" and Nationstar's employees returned to work. Here are more details on the developing situation.
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