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Tag Archives: Nationstar

Meet Mr. Cooper

DS News sat down with Mr. Cooper's CEO and Chairman, Jay Bray, to discuss their rebranding from Nationstar Mortgage, what it felt like to open the New York Stock Exchange, and what's in store for the future of the company.

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Mortgage Revenue Took a Hit in Q1

Nationstar Holdings reported declining income in Q1. The market overall saw declines in mortgage revenue with PNC Financial Services Group, Wells Fargo, and JPMorgan Chase all reporting reductions in mortgage revenue in the quarter, but what drove Nationstar in Q1 was its strong servicing segment.

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Freddie Mac Reports Q3 Net Loss of Nearly Half a Billion Dollars

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The loss will not cause Freddie Mac to need another draw from Treasury since it was only a fraction of the $1.8 billion net worth reserve the Enterprise has under the Preferred Stock Agreement, according to Layton. The dividends paid into Treasury by Freddie Mac remained unchanged at $96.5 billion, which is about $25 billion more than the $71 billion the Enterprise received in a taxpayer-funded bailout in 2008.

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Nationstar Posts Net Loss in First Quarter

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Nationstar Mortgage Holdings reported a net loss of $48 million, or $0.53 per share, for the first quarter of 2015 compared with a net income of $19 million ($0.21 per share) for the previous quarter, according to an announcement from the Lewisville, Texas-based residential mortgage servicer on Tuesday morning.

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