Items Tagged with 'Nationstar'

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Nationstar transfers all REO auction activity to Xome

Expands breadth of offerings
While only a little more than a year in existence, Xome’s role as a wholly owned subsidiary of Nationstar Mortgage continues to fluctuate. The end-to-end digital platform for real estate is adding another thing to its platform. Nationstar Mortgage now fully transferred all REO auction activity to Xome, according to Fitch Ratings.
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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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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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