Items Tagged with 'Nationstar'

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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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Nationstar elevates CEO Jay Bray to chairman of the board

Replaces Fortress Investment co-founder, principal Wesley Edens
Nationstar Mortgage, also soon to be known as Mr. Cooper, is handing the keys of the company to Jay Bray. Bray, the nonbank’s president, chief executive officer, and director, is now also the company’s chairman of the board, the company disclosed in a late Friday filing with the Securities and Exchange Commission.
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Nationstar launches MrCooper.com...or maybe not?

Company's new website disappears just as quickly as it appeared
It appears that the transformation is nearly complete. Nationstar Mortgage is now one step closer to officially becoming Mr. Cooper, as the company recently launched a flagship website for its new brand: MrCooper.com. The website provides a clearer picture of what Mr. Cooper is and what it means for Nationstar. Or at least it did...until the website disappeared after HousingWire reported on it.
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PHH sinks as low interest rates destroy mortgage servicing

Just like Ocwen, Nationstar and Walter
The first quarter's historically low interest rates already pulled down the performance of Nationstar Mortgage, Walter Investment and Ocwen Financial thanks to the impact of negative adjustments to the "fair value" of each company’s mortgage servicing rights portfolio, and now PHH Corporation is joining that unfortunate list as the company posted a loss in the first quarter.
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It’s official: Nationstar will rebrand as Mr. Cooper

Will combine originations and servicing business under new brand
Confirming plans that HousingWire brought to light late last year and further revealed earlier this year, Nationstar Mortgage will indeed be launching a massive rebranding later this year and changing its name to Mr. Cooper. And here's what the new brand of the massive nonbank officially looks like.
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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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