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Slide #61. Nationstar Mortgage Holdings Inc. — Greenlight Financial Services
Nationstar Mortgage Holdings Inc. (NSM)
Greenlight Financial Services
Nationstar Mortgage Holdings Inc. (NYSE:NSM) ("Nationstar"), a leading residential mortgage services company, announced today that its indirectly held wholly-owned subsidiary, Nationstar Mortgage LLC, completed the acquisition of the origination platform and unfunded loan pipeline from Greenlight Financial Services ("Greenlight") on May 31, 2013. The acquisition price for these assets is up to $75 million, subject to certain post-closing contingencies, and was funded with cash.
Nationstar Mortgage Holdings provides servicing, origination and transaction based services related primarily to single-family residences. Co. conducts its operations through three operating segments. Co.'s Servicing segment services both forward and reverse loan portfolios through its Nationstar Mortgage and Champion Mortgage brands. Co.'s Originations segment comprises both direct-to-consumer and correspondent lending. Co.'s Xome segment is a provider of technology and data solutions to home buyers, home sellers, real estate personnel and companies engaged in the origination and/or servicing of mortgage loans.
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Hold (1.75 out of 4)
(ranked higher than approx. 76% of all stocks covered)
Based on Zacks ABR data;
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