Items Tagged with 'Mr. Cooper'

ARTICLES

  • Nationstar (aka Mr. Cooper) merging with WMIH Corp. in $3.8 billion deal

    WMIH is former parent company of Washington Mutual
    For more than 11 years, Fortress Investment Group controlled Nationstar Mortgage, the nonbank now known as Mr. Cooper, via majority ownership in the company’s shares. But that’s about to change. Nationstar announced Tuesday morning that it is merging with WMIH Corp., the former parent company of Washington Mutual in a $3.8 billion deal.
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  • Massachusetts hits Nationstar (aka Mr. Cooper) with fine, sanctions over servicing abuses

    Accused of offering borrowers “unfair and deceptive” mortgage modifications
    Nationstar Mortgage, the nonbank now known as Mr. Cooper, allegedly put hundreds of borrowers in Massachusetts at a heightened risk of foreclosure by offering them “unfair and deceptive” mortgage modifications, the state’s attorney general said Tuesday. “Nationstar failed to stop foreclosures and this settlement gives homeowners in the hardest hit areas in Massachusetts a chance to stay in their homes,” Massachusetts AG Maura Healey said.
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  • Collateral Analytics sues Nationstar for allegedly stealing trade secrets

    Claims Nationstar stole property valuation programs and is now trying to sell them
    In a blockbuster lawsuit filed earlier this week in federal court, Collateral Analytics claims that Nationstar Mortgage stole the company’s proprietary property valuation technology, had a subsidiary replicate it, and is now trying to push Collateral Analytics aside to sell “knock-offs” of the company’s software to other market participants.
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  • Japan’s SoftBank completes $3.3 billion acquisition of Fortress Investment Group

    Parent company of New Residential, majority shareholder of Nationstar acquired
    SoftBank Group’s move into the U.S. financial markets took a huge step forward on Wednesday, as the Japanese technology company completed its previously announced $3.3 billion acquisition of Fortress Investment Group, a global investment giant that has a huge stake in the U.S. housing finance system.
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  • Countdown: The top 10 stories of the year (1,2)

    Here’s our top story of 2017
    It’s time for the story we’ve all been waiting for – HousingWire’s No. 1 top article of 2017. Now, the holiday is passed, and before we move on the new year and the changes it brings, it’s time to look at the top article that attracted the most reads this year. Can you guess the No. 1 most popular HousingWire article of 2017?
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  • Nationstar (aka Mr. Cooper) reaches $9.2m mortgage servicing settlement with California

    Violations stretch back to 2009
    Last month, Nationstar Mortgage, the nonbank also known as Mr. Cooper, disclosed that it was facing a regulatory issue with the California Department of Business Oversight and in the process of negotiating a settlement. At the time, the company did not disclose what issues led to the potential settlement, but on Monday, the other shoe dropped.
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  • From HW Magazine

    2017 HW Vanguard: Jay Bray

    CEO at Mr. Cooper
    Over the last year, Jay Bray has led Nationstar through a major transformation to become a customer-centric company with a new brand name for its mortgage servicing and originations operation – Mr. Cooper.
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  • Nationstar in talks with California, New York to settle regulatory issues

    SEC filing reveals ongoing settlement negotiations
    Earlier this year, the Consumer Financial Protection Bureau hit Nationstar Mortgage, the nonbank also known as Mr. Cooper, with a $1.75 million fine for the company’s alleged failure to comply with the reporting requirements of the Home Mortgage Disclosure Act. But it looks like that wasn’t the only regulatory issue the company is dealing with this year.
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  • Mr. Cooper leads $7 million funding for digital homeowners insurance agency Matic

    Will make Matic’s services available in coming digital mortgage platform
    Mr. Cooper, the nonbank formerly known as Nationstar, is getting into the homeowners insurance business – sort of. Mr. Cooper isn’t going to be writing its own insurance policies, at least not yet, but the company did invest in Matic Insurance Services, a digital homeowners insurance agency that allows mortgage borrowers to buy homeowners insurance during the mortgage transaction.
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  • Mr. Cooper unveils digital mortgage plan

    Tells investors that digital mortgage application is coming in 2018
    In the last two years, a number of lenders announced plans to digitize their mortgage application process, following the lead of Quicken Loans, which rolled out its “Rocket Mortgage” in November 2015. Now, Mr. Cooper, the nonbank formerly known as Nationstar, is about to join the growing list of mortgage lenders that are going digital.
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