Items Tagged with 'Nationstar Mortgage'

ARTICLES

  • Growing pains for Mr. Cooper? Nonbank takes big loss thanks to lower interest rates

    Adds more than 400,000 new servicing customers, but takes MSR-related loss
    Mr. Cooper grew its business significantly in the first few months of the year, closing the acquisitions of Pacific Union Financial and IBM’s Seterus mortgage servicing platform in the first quarter alone. But despite all of that, the nonbank formerly known as Nationstar Mortgage still took a big financial loss in the first quarter, due to lower interest rates.
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  • Mr. Cooper laying off 109 mortgage employees in California

    Latest rounds of cuts for mortgage industry
    Over the last several months, layoffs have hit companies across the housing industry as the industry works to find solid footing in a shifting mortgage market. One company that’s been growing is Mr. Cooper Group, the nonbank formerly known as Nationstar Mortgage. But, layoffs are about to hit Mr. Cooper, too.
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  • Mr. Cooper expands its executive team

    Kelly Ann Doherty promoted to chief communications officer
    Mr. Cooper recently announced that Kelly Ann Doherty has joined its executive team as its chief communications officer. Mr. Cooper CEO Jay Bray said Doherty has been essential in evolving Mr. Cooper’s media outreach and social media channels.
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  • Monday Morning Cup of Coffee: Facebook responds to HUD’s housing discrimination allegation

    Social media giant says discrimination is prohibited by site’s policies
    In case you missed it late Friday, HUD accused Facebook of allowing a modern, technologically enhanced form of redlining, wherein Facebook allows advertisers to use its mountains of data to target housing ads to very specific audiences. Here, the company responds. That, and more, in your Monday Morning Cup of Coffee.
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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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