Items Tagged with 'Nationstar Mortgage'

ARTICLES

  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More
  • 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.
    Read More