Items Tagged with 'Nationstar Mortgage'

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  • Meet the Mr. Cooper Group: Nationstar completes merger with Washington Mutual parent WMIH

    Company will change name to “Mr. Cooper Group” in the future
    The merger between Nationstar Mortgage, the nonbank now known as Mr. Cooper, and WMIH Corp., the former parent company of Washington Mutual, is now complete. The newly combined company will also lean hard into the Mr. Cooper brand, which Nationstar officially adopted last year and began moving toward way back in 2015.
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  • Nationstar (aka Mr. Cooper) promotes Tony Ebers to chief operating officer

    Previously served as executive vice president of originations
    Nationstar Mortgage, the nonbank also known as Mr. Cooper, announced Thursday that it is promoting Tony Ebers from executive vice president of originations to the newly created position of chief operating officer. Going forward, Ebers will assume responsibility for servicing, originations and Xome operations at Nationstar.
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  • Nationstar (aka Mr. Cooper) reaches $17 million mortgage settlement with NYDFS

    $5 million fine, $5 million to local nonprofit, $7 million to New York residents
    For the third time in the last six months, Nationstar Mortgage, the nonbank also known as Mr. Cooper, has reached a multimillion-dollar settlement with a state banking regulator over mortgage-related issues. The New York Department of Financial Services announced Wednesday that it reached a $17 million settlement with Nationstar for a number of violations of the state’s financial laws.
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  • 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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  • 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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