Market Overview

Nationstar Mortgage Closes on Purchase of MSR of Approximately $97B from Bank of America

Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading
residential mortgage services company, announced today that it has
closed the purchase of mortgage servicing rights (“MSR”) with an
approximate $97 billion unpaid principal balance (“UPB”), based on
December 31, 2012 closing balances and certain other assets from Bank of
America. The transaction was completed pursuant to the previously
announced MSR purchase and sale agreement, dated January 6, 2013. This
servicing portfolio consists of rights to service loans that are owned,
insured or guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae.

“We are glad to have completed this important milestone in the
acquisition according to schedule,” said Nationstar CEO Jay Bray. “We
look forward to

See full press release

Posted-In: Earnings News Guidance Contracts Management M&A

 

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