nationstar mortgage holdings
(NSM:New York Consolidated)
nationstar mortgage holdings (NSM) Snapshot
|
Open
$43.42
|
Previous Close
$43.12
|
|
|
Day High
$44.35
|
Day Low
$41.97
|
|
|
52 Week High
05/14/13 - $46.91
|
52 Week Low
06/26/12 - $18.98
|
|
|
Market Cap
3.9B
|
Average Volume 10 Days
757.2K
|
|
|
EPS TTM
$2.32
|
Shares Outstanding
90.6M
|
|
|
EX-Date
--
|
P/E TM
18.3x
|
|
|
Dividend
--
|
Dividend Yield
--
|
Related News
nationstar mortgage holdings (NSM) Related Businessweek News
No Related Businessweek News Foundnationstar mortgage holdings (NSM) Details
Nationstar Mortgage Holdings Inc. operates as a residential mortgage loan servicer in the United States. It operates in two segments, Servicing and Originations. The company services loans as the owner of the mortgage servicing rights (MSRs) and also services loans on behalf of other MSRs or mortgage owners. Its loan servicing primarily involves the calculation, collection, and remittance of principal and interest payments; administration of mortgage escrow accounts; collection of insurance claims; administration of foreclosure procedures; management of real estate owned (REO); and disbursement of required protective advances. It also offers various ancillary services, such as providing services for delinquent loans; managing loans in the foreclosure/real estate owned process; and providing title insurance agency, loan settlement, and valuation services on newly originated and re-originated loans. In addition, the company engages in the origination, packaging, and sale of single-family conforming mortgage loans to government-sponsored entities or other third-party investors in the secondary market. Nationstar Mortgage Holdings was founded in 1994 and is headquartered in Lewisville, Texas.
nationstar mortgage holdings (NSM) Top Compensated Officers
nationstar mortgage holdings (NSM) Key Developments
Nationstar Mortgage Holdings Inc. announced the pricing of $1.0 billion in fixed rate asset-backed term notes to be issued by Nationstar Mortgage Advance Receivables Trust. Also in connection with the offering, Nationstar will issue approximately $1.0 billion of variable funding notes. The issuance and sale of the notes is subject to customary closing conditions and is expected to close on June 7, 2013. The term notes carry a weighted average fixed interest rate of 2.10% and a weighted average term of 3.0 years. The notes will replace $1.9 billion in existing non-agency servicing advance facilities and are expected to result in a reduction in rate of over 1.75%. Additionally, the effective advance rate of the notes will be approximately 93%, an increase over the effective advance rate on the facilities being replaced. This securitization, in addition to the agency securitization in January 2013, is part of Nationstar's programmatic term asset-backed security issuance program which will allow it to efficiently finance current and future acquisitions of agency and non-Agency servicing advance assets. The notes have not been registered under the Securities Act of 1933, as amended, or any state securities laws. Accordingly, the notes are being offered and sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) and outside the United States to non-U.S. persons in offshore transactions in accordance with Regulation S under the Securities Act. Therefore, the notes will be subject to restrictions on transferability and resale, and may not be transferred or resold absent an effective registration statement or an applicable exemption from such registration requirements of the Securities Act.
Nationstar Mortgage LLC, a subsidiary of Nationstar Mortgage Holdings Inc. (NYSE:NSM), and Nationstar Capital Corporation may acquire certain residential mortgage servicing assets from Bank of America, National Association. The acquisition will be funded by the proceeds of Nationstar Mortgage and Nationstar Capital’s public offering of senior notes. The proceeds may also be used for acquiring certain residential mortgage servicing assets from other related third parties which may include one or more affiliates of the underwriters in this offering and other future acquisitions.
Nationstar Mortgage Holdings Inc. announced that its wholly owned subsidiaries Nationstar Mortgage LLC and Nationstar Capital Corporation commenced exchange offers for all of their outstanding $375,000,000 aggregate principal amount of 9.625% Senior Notes due 2019, $400,000,000 aggregate principal amount of 7.875% Senior Notes due 2020 and $600,000,000 aggregate principal amount of 6.500% Senior Notes due 2021, which are not registered under the Securities Act of 1933, as amended, for $375,000,000 aggregate principal amount of 9.625% Senior Notes due 2019 (the "2019 Exchange Notes"), $400,000,000 aggregate principal amount of 7.875% Senior Notes due 2020 (the "2020 Exchange Notes") and $600,000,000 aggregate principal amount of 6.500% Senior Notes due 2021 (the "2021 Exchange Notes" and, together with the 2019 Exchange Notes and the 2020 Exchange Notes the "Exchange Notes"), which have been registered under the Act. The exchange offers will commence on May 23, 2013 and expire at 5:00 p.m. New York City time, on June 21, 2013. The Exchange Notes are substantially identical to the Initial Notes, except that the Exchange Notes have been registered under the Act, and will not bear any legend restricting their transfer. The Issuers will accept for exchange any Initial Notes validly tendered and not withdrawn prior to the expiration of the exchange offers at 5:00 p.m. New York City time, on June 21, 2013, unless one or more of the exchange offers are extended or terminated.

| Recently Viewed | |||
| NSM:US | $42.54 USD | -0.58 | |
| Company | Last | Change |
| Flagstar Bancorp Inc | $13.63 USD | -0.25 |
| Home Loan Servicing Solutions Ltd | $24.29 USD | -0.08 |
| Ocwen Financial Corp | $44.64 USD | -0.48 |
| PHH Corp | $19.91 USD | -0.26 |
| Walter Investment Management Corp | $36.78 USD | -1.20 |
| View Industry Companies | ||
Industry Analysis
NSM
Industry Average
| Valuation | NSM | Industry Range |
| Price/Earnings | 17.7x |
|
| Price/Sales | 3.9x |
|
| Price/Book | 4.7x |
|
| Price/Cash Flow | 17.9x |
|
| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Chicago, IL | DunnhumbyusaPosted: Jun 18
- Thomasville, GA | Flowers FoodsPosted: Jun 07
- San Francisco, CA | YelpPosted: Jun 06
- San Francisco, CA | PeoplematterPosted: Jun 06
Sponsored Financial Commentaries
Sponsored Links
To contact NATIONSTAR MORTGAGE HOLDINGS, please visit www.nationstarholdings.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.








