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Slide #75. Nationstar Mortgage Holdings Inc. — $215 Billion in Mortgage Servicing Assets from Bank of America
Nationstar Mortgage Holdings Inc. (NSM)
$215 Billion in Mortgage Servicing Assets from Bank of America
Nationstar Mortgage Holdings Inc. announced today that Nationstar Mortgage LLC, a wholly-owned subsidiary, has signed a definitive agreement to acquire approximately $215 billion in residential mortgage servicing rights ("MSRs"), as measured by unpaid principal balance ("UPB") as of November 30, 2012, and certain other assets from Bank of America.
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. 66% of all stocks covered)
Based on Zacks ABR data;
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