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Items Tagged with 'Nationstar'

ARTICLES

Nationstar: "Our capital and liquidity position remain strong"

FHFA blocked servicer's MSRs
July 2, 2014
Although the Federal Housing Finance Agency Office of the Inspector General’s most recent report over nonbank special servicers tried to keep the troubles of one company anonymous, all fingers point to Nationstar.
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Citigroup and Nationstar team on mortgage bond offering

Nationstar will do most of the servicing
June 17, 2014
Citigroup bought a bunch of mortgage originated by Nationstar, Stearns Lending and Freedom Mortgage. Citi then securitized those loans, with Nationstar doing most of the servicing.
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Stonegate Mortgage president Daniel Bettenburg resigns

GMAC-RFC veteran was Stonegate’s president for three years
June 17, 2014
According to the SEC filing, the company does not intend to hire a replacement for the president role, “given the recent executive team additions and its transition to a business unit driven operating model.”
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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
June 5, 2014
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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Kroll: Prudent regulation not necessary to check nonbank boom

Cause of the crisis was fraud, not lack of capital
May 28, 2014
Talk is stirring among regulators to develop better regulation over non-bank seller/servicers and require them to hold more capital. But according to one ratings agency, there needs to be a new benchmark.
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Jeffries downgrades Nationstar from buy to hold

Part of a nonbank trend?
May 16, 2014
Jefferies analyst Daniel Furtado said, “In our view NSM needs to deliver on 3 key initiatives for company guidance to be met, with cooperation also needed on the regulatory front.”
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Stonegate Mortgage misses expectations but retail originations nearly double in Q1

Retail originations increased from $131.9 million to $260.9 million
May 15, 2014
"Despite contracting industry volumes in the first quarter, we were pleased with our continued growth in originations and lock volumes," said Jim Cutillo, Stonegate’s chief executive officer.
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Compass Point analyst raises Nationstar price target to $35

Remains neutral as NSM has "a lot of wood to chop"
May 14, 2014
In a note to clients, Compass Point Research & Trading says it remains neutral on Nationstar Mortgage Holdings, but it is raising its price target to $35, up from $30.
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Nonbanks expect big year for MSRs

Nationstar, Walter, Ocwen, soar on HW 30
May 8, 2014
Nonbanks are experiencing a strong day on the stock market, following positive first-quarter earning reports. MSR transfer activity is still occurring and more importantly, the long-term pipeline of opportunities is very healthy.
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Nationstar moves one step closer to total mortgage market domination

Zillow and Trulia need to take note
May 8, 2014
In the end, Nationstar expects to provide end-to-end real estate and mortgage services with exceptional customer service, which will deliver "a customer for life," CEO Jay Bray said. In other words, total mortgage domination.
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