Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

Should lenders look to non-QM when the refi boom slows?

Angel Oak shared with HW how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.

Investments

Nationstar drops more than 10% in day’s trading after $500M public offering

Investors seem wary of what the deal says

Nationstar Mortgage (NSM) investors aren’t happy about its offering of 17.5 million of common stock – the mortgage nonbank is down more than 10% through mid-day after it announced yesterday common stock offering for gross proceeds of approximately $500 million.

Nationstar granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of its common stock. Citigroup, Barclays and J.P. Morgan are acting as the underwriters for the offering.

Nationstar intends to use the net proceeds from the sale for “general corporate purposes,” which may include future acquisitions, transfers of servicing portfolios, funding of advances and repayment of obligations, including corporate indebtedness.

These acquisitions are expected to include the acquisition of $60 billion unpaid principal balance of mortgage servicing rights in process or under letters of intent as of the date of the prospectus supplement, the consummation of which is subject to definitive documentation, regulatory approvals, and/or other customary conditions.

Most Popular Articles

Housing market inventory is starting to recover

Single-family housing starts rose 15.3% to a pace of 1.24 million annualized units. Experts see a strong spring housing market ahead.

Apr 16, 2021 By
3d rendering of a row of luxury townhouses along a street

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