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  • Zillow74.535-1.965 -2.569%
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  • NationStar18.92-0.42 -2.17%
  • CoreLogic39.21-0.01 -0.03%
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  • Freddie Mac2.29+0.12 +5.53%
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Home | Tag Archives: Nationstar

Tag Archives: Nationstar

Nationstar Posts Net Loss in First Quarter

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*+-Nationstar Mortgage Holdings reported a net loss of $48 million, or $0.53 per share, for the first quarter of 2015 compared with a net income of $19 million ($0.21 per share) for the previous quarter, according to an announcement from the Lewisville, Texas-based residential mortgage servicer on Tuesday morning.

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Ocwen Announces $25 Billion MSR Sale to Nationstar

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*+-This will be the second time in as many months that Ocwen has announced an MSR sale on an Agency portfolio of residential loans to Dallas, Texas-based Nationstar. In February, Ocwen announced its intention to sell the MSR on a portfolio of about 81,000 performing residential loans owned by Freddie Mac with a UPB of about $9.8 billion to Nationstar.

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Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

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*+-Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement.

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Servicing Temporarily Restricted for Nationstar Last Year

*+-Citing people familiar with the matter, the Wall Street Journal reported Tuesday that Nationstar, a large mortgage processor with millions of mortgages in its portfolio, was temporarily suspended from buying the rights to home loans backed by Fannie Mae and Freddie Mac because of concerns that the servicer was under capitalized.

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Lawsky to Look at Fee-Based Services at Non-Banks

*+-Superintendent Benjamin Lawsky of New York's Department of Financial Services said the agency plans to dig into fee-based ancillary services at non-banks such as Ocwen andNationstar. While Lawsky said there's "nothing inherently wrong" with companies and affiliates providing ancillary services—ranging from debt collection to loan sales—he asserted that a lack of regulatory oversight up to this point has resulted in "potentially conflicted arrangements" between servicers and their affiliates.

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