Newcastle (NCT) to Acquire MSRs from Nationstar (NSM) in $610M Deal; Will Spin-Off Residential Assets
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/22/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- One killed, three injured when man attacks Swedish school with sword
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
Nationstar (NSM) to Acquire $215B of MSRs from BofA (BAC) in $1.3B Deal
January 7, 2013 7:51 AM ESTNationstar Mortgage Holdings Inc. (NYSE: NSM) (Nationstar) 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 (NYSE: BAC).
Approximately 47% of the servicing portfolio, as measured by UPB, consists of loans that are owned, insured or... More
