Quicken Loans sues DOJ, HUD for “shake down”

Quicken Loans sues DOJ, HUD for “shake down”

Says agencies demanding unwarranted penalties, false public admissions

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
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Items Tagged with 'Nationstar Mortgage Holdings'

ARTICLES

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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Title365 adds Aaron Fain as vice president

Will oversee mid-markets originations as division manager
Ben Lane
In this role, Fain will be responsible for selling title and settlement services to mid-market originators nationally, as well as business expansion and educational training for clients and account executives.
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Nationstar missed on 4Q14 net income of $19M

Bray: Growth prospects for Nationstar are significant
Brena Swanson
Nationstar posted fourth-quarter net income of $19 million, significantly down from $111 million in the third quarter. Despite the drop, the company believes it is well positioned for 2015 from a capital, technology and operational perspective.
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Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio

Adds to the company’s rapid growth
Brena Swanson
Nationstar has closed on the purchase of another mortgage servicing rights portfolio. As a result, the nonbank servicer has officially acquired $43 billion in servicing portfolios since the end of the second quarter 2014.
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Another firm sees positive future for Nationstar

FBR Capital: Nationstar best positioned large specialty servicer
Brena Swanson
Once again, a firm is shining a positive light on Nationstar. This time FRB Capital Market cited three key factors on why it upgraded the nonbank servicer to outperform from market perform.
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Nationstar buys title company

More plans to grow geographically
Brena Swanson
Solutionstar Holdings, an indirect wholly-owned subsidiary of Nationstar, announced it is expanding further into the mortgage business and snapped up a mortgage title company. It is also expanding operations into some of the nation's largest housing markets.
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Mortgage servicer stocks take huge hit on weak earnings

Nationstar, Walter, Stonegate all down more than 20%
Brena Swanson
Thursday was a rough day on Wall Street for mortgage servicers as Nationstar Mortgage Holdings, Walter Investment Management and Stonegate Mortgage Corporation’s all plunged into the red after releasing their third-quarter earnings Thursday morning.
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Kal Raman named CEO of Solutionstar

Will lead new Solutionstar office in Seattle
Ben Lane
Raman joins Solutionstar from Groupon, where he was CEO of the company’s Asia Pacific region. Prior to that, he was Groupon’s chief operating officer.Prior to his time at Groupon, Raman served as vice president of global fulfillment at eBay.
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Is Nationstar downgrade an alarm for nonbank mortgage servicers?

The future looking tough
Brena Swanson
The future for nonbank mortgage servicers looks tough as earnings for the sector are forecast to trend down, driven mainly by three industry headwinds.
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Nationstar stock falls after downgrade

Brena Swanson
Nationstar witnessed a volatile day on the stock market after FBR Capital Markets announced it downgraded the mega servicer to ‘market perform’ from ‘outperform.’
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