Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio

Nationstar Mortgage Holdings earned a $55 million profit in the third quarter, driven by surging mortgage service revenue and the appreciation of mortgage loans in its portfolio.. But on a Tuesday earnings call, the Fortress Investment Group-majority-owned servicers’ results took second billing to questions about its growth options.

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I still think Nationstar will benefit from paralysis in Washington to come up with a permanent fix for Fannie and Freddie. But it appears its shares had priced in rapid growth of its mortgage.

Nationstar Scoops Huge Fannie, Freddie Mortgage Servicing portfolio housing wire, Jan. 21, 2015–Swanson, Brena Nationstar Mortgage Holdings announced it purchased mortgage servicing rights with an $8.5 billion unpaid principal balance from a top-four financial institution, adding to its recent rapid growth. (More)

Seneca Mortgage servicing awards nationstar billion subservicing. DALLAS-(BUSINESS WIRE)-Nationstar Mortgage Holdings Inc. (NYSE: NSM) has been selected by Seneca Mortgage Servicing LLC ("Seneca") as the subservicer for existing and future acquisitions of mortgage servicing rights ("MSRs") held by Seneca.

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Nationstar had just won the rights to collect payments on a separate $215 billion mortgage portfolio, and Fannie and Freddie worried it would have trouble digesting another big deal, sources.

The underlying loans in the portfolio are conforming loans guaranteed by Fannie Mae or Freddie Mac. "Mortgage servicing is an attractive, core business for Wells Fargo, and this transaction provides an opportunity for us to strategically enhance our servicing portfolio," said Franklin Codel, head of consumer lending for Wells Fargo, in the release.

Fannie MaeWHEREAS, all Fannie Maeand Freddie Macapproved servicers are being directed throughtheir respective servicing guides and bulletins to implement the Programs with respect to mortgage loans owned, securitized, or guaranteed by Fannie Mae or Freddie Mac (the "GSELoans"); accordingly, this Agreement does not apply to the GSE Loans;

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Nationstar had just won the rights to collect payments on a separate $215 billion mortgage portfolio, and Fannie and Freddie worried it would. more capital to support their servicing businesses,