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Nationstar Mortgage Holdings [stock NSM][/stock] bought $10.4 billion in mortgage servicing rights from Bank of America. Nationstar closes on $16 billion in Aurora servicing.
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Nationstar also plans to add a total of $155 billion of loans, in terms of unpaid principal balance, to its servicing portfolio by the end of the year. "Our key servicing metrics are all moving in the right direction," Bray said on Nationstar’s quarterly earnings call Thursday morning.
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Nationstar Mortgage and an affiliate company, Newcastle Investment Corp., have agreed to acquire roughly billion in mortgage servicing rights from aurora bank fsb, a subsidiary of the bankrupt Lehman Bros. Newcastle, a publicly traded REIT, will pay $170 million to acquire a 65% stake in what.
"Nationstar has been expanding by buying mortgage servicing rights. It added $16 billion of rights in the third quarter and will close on another $27 billion by the end of 2015’s first quarter, the company said. That would bring Nationstar’s total to about $405 billion, or close to surpassing Atlanta-based Ocwen as the No. 1 nonbank.
Nationstar Mortgage Holdings Inc. has announced that Nationstar Mortgage LLC, an indirectly-held, wholly-owned subsidiary, has completed the acquisition of approximately $63.7 billion in residential mortgage servicing rights (MSRs), as measured by unpaid principal balance, and certain other assets from Aurora Bank FSB and its wholly owned subsidiary Aurora Loan Services LLC, a subsidiary of Lehman Brothers Bancorp Inc.
Nationstar Acquires Aurora Bank Servicing Rights. Nationstar Mortgage LLC, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings Inc., has completed its acquisition of approximately $63.7 billion in residential mortgage servicing rights from Aurora Bank FSB (f/k/a Lehman Brothers Bank) and its wholly owned subsidiary Aurora.
Nationstar Mortgage is acquiring approximately $63 billion in residential mortgage servicing assets from Aurora Bank, a subsidiary of Lehman Brothers Bancorp. The agreement was announced Tuesday.
Nationstar Mortgage Completes Acquisition of Servicing Assets of Aurora Bank. The composition of the Aurora portfolio is approximately 75% non-conforming loans in private label securitizations and approximately 25% conforming loans in GSE pools. With this acquisition Nationstar has grown its servicing book to approximately $177 billion,
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