Items Tagged with 'Nationstar Mortgage Holdings'

ARTICLES

  • 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) 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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  • 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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  • Stewart adds former Nationstar EVP David Hisey as chief financial officer

    Also served as CFO at Fannie Mae
    Stewart Information Services, a real estate services company, announced this week that it added David Hisey as the company’s new chief financial officer. Hisey will also serve as Stewart’s secretary and treasurer. Hisey previously worked at Nationstar Mortgage, serving as the nonbank’s executive vice president, chief strategy and external affairs officer until June 2015.
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  • Mr. Cooper launching mortgage-linked credit card

    Rewards customers with cash back applied to mortgage principal balance
    Mr. Cooper, the nonbank that officially left the name Nationstar behind on Monday, is already the most unique name in the mortgage business. As part of the company’s rebranding efforts, Mr. Cooper rolled out a number of features designed to improve its customers’ experience with the nonbank. But one of the features the company is rolling out is something almost unheard of in the mortgage business – a mortgage-linked credit card.
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  • Nationstar posts net loss of $20 million, but the news is better than it seems

    Adjusted earnings rises to $42 million
    Nationstar Mortgage, the company soon to be known as Mr. Cooper, reported Thursday that it saw its first quarterly net loss in a year, but the news is actually better than it appears. Overall, Nationstar posted a GAAP net loss of $20 million (or $0.20 per diluted share) in the second quarter, but on an adjusted basis Nationstar saw earnings of $42 million, or $0.43 per share.
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  • Nomura: Don't make too much out of Nationstar CFO's departure

    Appears there's nothing "behind the curtain"
    Earlier this week, Nationstar Mortgage surprised the market a bit when it announced that its chief financial officer, Robert Stiles, is departing the company. But according to a report from Nomura, not only does there not appear to be a hidden story behind Stiles' departure, the company likely won’t suffer at all with Amar Patel serving as interim CFO.
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  • Nationstar names interim CFO after Robert Stiles departs company

    Amar Patel will serve as interim CFO
    One month ago, Nationstar Mortgage celebrated the fact that its revenue grew significantly in the fourth quarter, climbing nearly 46% year-over-year. Now, Nationstar will have a new person in charge of that money as the nonbank announced Wednesday that it named Amar Patel, who previously spent 10 years with the company, as its interim chief financial officer.
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