Housing in places like New York, San Francisco fail more than just the locals

Caution: GSE reform could have serious unintended consequences

Guest blog by former Ginnie Mae president Joseph Murin

Monday Morning Cup of Coffee: Time to cut the MLS cord?

Plus housing metrics, the incredible shrinking GDP, and kicks are for TRIDs
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Items Tagged with 'Nationstar'

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’s surprise 1Q loss pulls down nonbank servicers

NSM drops below 52-week low in afternoon trading
Trey Garrison
All the major nonbank mortgage servicers were bleeding in trading through early afternoon, after Nationstar Mortgage Holdings reported its first-quarter surprise loss. Here's where the red ink is spilling.
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Nationstar Holdings posts $48.3M loss in first quarter

Lower servicing revenue proves heavy drag
Trey Garrison
Nationstar Mortgage Holdings reported a first-quarter loss of $48.3 million, after reporting a profit in the same period a year earlier. Here's what pulled down the Texas-based servicer to a performance well below expectations.
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Ocwen is no longer the nation's largest subprime mortgage servicer

Impact of exit from agency servicing becoming evident
Ben Lane
The impact of Ocwen Financial’s exit from agency mortgage servicing is beginning to materialize. According to a recent report from Fitch Ratings, Ocwen is no longer the country’s largest prime mortgage servicer. How far have the mighty fallen?
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FBR Capital lowers target for Nationstar, keeps future EPS estimates

Nationstar moving toward traditional bank structure
Trey Garrison
FBR Capital lowered their target for Nationstar Mortgage from $30 to $25 following the company’s stock offering to raise capital and several MSR acquisitions.
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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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