Nationstar Mortgage Holdngs, Inc. (NSM) Reports Q4 EPS of $0.58

Nationstar Mortgage Holdngs, Inc. (NYSE: NSM) reported Q4 EPS of $0.58, versus $0.91 reported last year. Revenue for the quarter came in at $449.36 million versus the consensus estimate of $369.92 million.

Business Outlook

Nationstar acquired most of its servicing assets at, or near, historic low valuations, improved the performance of the portfolios, cross-sold additional high-quality origination and ancillary services, and increased the value and stream of portfolio cash flows, enabling Nationstar to make additional investments in other accretive opportunities. Looking forward, we believe Nationstar is one of the best positioned servicers to acquire additional servicing portfolios based on this proven track record. Ultimately, Nationstar’s success depends on our ability to work productively with our customers, regulators and investors.

During the first quarter of 2015, Nationstar has entered into new commitments to acquire $35 billion of agency servicing assets, primarily from two counterparties. Assuming a 12% annual run-off, we have already replenished 95% of the servicing annuity and are well on our way to achieving our 10%, or greater, UPB growth target for the year. Transfer activity from both banks and non-banks has increased since the end of 2014, and is expected to remain elevated over the course of 2015 when compared against 2014. In addition to growing our servicing portfolio, Nationstar continues to evaluate ways to improve efficiency, reduce delinquencies, strengthen the transfer process and increase overall profitability.

For earnings history and earnings-related data on Nationstar Mortgage Holdngs, Inc. (NSM) click here.

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