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Nationstar Completes Acquisition of Champion Mortgage HW+

Mar 01, 2007By

Dallas-based Nationstar Mortgage LLC announced Thursday that it has completed the acquisition of the Parsippany, N.J.-based Champion Mortgage origination platform from KeyCorp (NYSE: KEY). The transaction was previously announced December 1, 2006 and includes over 250 employees and four call centers located in Parsippany, N.J., Marlborough, Mass, Melville, N.Y. and Marlton, N.J. The acquisition does not include the $2 billion Champion Mortgage loan portfolio, which was sold separately to HSBC Holdings, Plc.

3d rendering of a row of luxury townhouses along a street

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