Items Tagged with 'Jay Bray'


  • Mr. Cooper Group buys IBM's Seterus mortgage servicing platform

    Acquires $48 billion in servicing rights
    Mr. Cooper Group purchased IBM’s Seterus mortgage servicing platform in a deal announced Thursday, which includes $24 billion in GSE mortgages and a subservicing contract for $24 billion. Mr. Cooper Group Chairman and CEO Jay Bray said the deal "is consistent with our outlook for profitability targets and portfolio growth."
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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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  • From HW Magazine

    Mortgage servicing boom

    Servicing is primed to take off in 2017, spurring banks to jump back into the business
    In the aftermath of the financial crisis, low interest rates and strict capital requirements combined to make servicing a losing proposition for many banks. The sharp glare of regulators didn’t help either, as banks and nonbanks navigated the already thankless waters of servicing with a new target on their backs. But all that changed abruptly in the fourth quarter of 2016 with the one-two punch of a Trump win and a rate hike by the Federal Reserve.
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  • Nationstar elevates CEO Jay Bray to chairman of the board

    Replaces Fortress Investment co-founder, principal Wesley Edens
    Nationstar Mortgage, also soon to be known as Mr. Cooper, is handing the keys of the company to Jay Bray. Bray, the nonbank’s president, chief executive officer, and director, is now also the company’s chairman of the board, the company disclosed in a late Friday filing with the Securities and Exchange Commission.
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  • Nationstar President Harold Lewis stepping down

    Led company's servicing operations
    The leader of Nationstar Mortgage Holdings’ servicing operations is stepping down. Nationstar’s president and chief operating officer, Harold Lewis, informed the company Wednesday that he intends to retire and will resign from his positions, effective May 31.
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  • Nationstar missed on 4Q14 net income of $19M

    Bray: Growth prospects for Nationstar are significant
    Nationstar posted fourth-quarter net income of $19 million, significantly down from $111 million in the third quarter. Despite the drop, the company believes it is well positioned for 2015 from a capital, technology and operational perspective.
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