Items Tagged with 'Nationstar'

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From HW Magazine

Global reach: Exploring the risks and rewards of offshore mortgage servicing

Do perks outweigh the pitfalls?
Sometimes offshoring sounds like a bad word. In reality, offshore mortgage servicing simply means using remote staff, usually to take advantage of lower labor and overhead costs and round-the-clock staffing availability. But legitimate questions remain. In the midst of increasing compliance pressures, is offshoring a sound strategy for mortgage servicers looking to stay competitive, or a fast track to dissatisfied customers and trouble with the CFPB?
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Want some Mr. Cooper swag? Nationstar opens online store for new brand

Gotta spend money to make money
Recently, HousingWire revealed the details on Mr. Cooper, the new brand that Nationstar will be likely launching soon as part of a rebranding effort. And now, even though the new brand remains officially unconfirmed, it appeared that the general public could buy their own Mr. Cooper-branded swag, thanks to an online store that appeared last week. But now the store is private - a ghost of the internet captured only in screenshots.
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Hanging with "Mr. Cooper"? Nationstar’s big move revealed

Signs point to unveiling of brand new bag
Confirming suspicions that HousingWire brought to light in late December, signs are beginning to emerge that the rebranding of Nationstar Mortgage is nigh upon us. According to multiple sources, Nationstar is preparing to launch a new brand that would be unlike any other in the mortgage space: say hello to "Mr. Cooper".
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Is Nationstar about to completely rebrand itself?

Game. Changer.
2015 turned out to be a tough year for Nationstar. But does the company have big plans to turn its fortunes? It certainly looks that way. Buried deep on Nationstar’s website in a most unlikely place is a look at what the company could be planning for 2016. And it’s big…as in reshaping the company’s entire public image big.
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Kal Raman resigns as CEO of Nationstar's Xome

Former chief operating officer for Groupon joined Solutionstar in Nov. 2014
In the last year, Nationstar Mortgage has transformed Solutionstar, one of the company’s wholly owned subsidiaries, into Xome, which boasted that it offered consumers a one-stop shop for the entire real estate experience. Nationstar tasked Kal Raman with shepherding that transition, adding Raman as CEO of Solutionstar in Nov. 2014. But now, just over one year after he took over Solutionstar, Raman is resigning.
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Mortgage Partnership Finance, Ginnie Mae announce expanded loan program

Group of Federal Home Loan Banks now offer servicing-released mortgage sales
Together with Ginnie Mae, the Mortgage Partnership Finance Program, a group of Federal Home Loan Banks formed to sell fixed-rate mortgage loans into the secondary market, announced an expanded loan offering that will allow the program’s participants to execute a servicing-released mortgage sale to Ginnie Mae.
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Nationstar 3Q earnings drop to $32 million

Servicing up, originations down
Nationstar Mortgage Holdings’ third-quarter adjusted earnings dropped to $32 million, compared to $35 million in the second quarter. However, despite the decline, Jay Bray, CEO, remained positive on the company's recent improvements.
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Nationstar gives $30 million for distressed homeowners in Milwaukee

Deal smooths way for public financing of Milwaukee Bucks arena
Nationstar Mortgage will provide up to $30 million to financially troubled Milwaukee homeowners under an agreement with the city. This comes after months of negotiations, a spate of critical press and upcoming hearings on how the city is financing the proposed $500 million Milwaukee Bucks arena, which media and analysts say is definitely related.
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Nationstar posts 2Q net income of $75M

Strong originations provide comeback after first quarter losses
Nationstar Mortgage Holdings reported quarterly net income of $75 million, or $0.69 per share, for the second quarter, compared to net loss of ($48) million, or ($0.53) per share, in the first quarter 2015. Want to know more?
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