The company has not filed an annual or quarterly report since its Q2 FY2018 10-Q, filed Aug 3, 2018. Its latest SEC filing is a 15-12B from Aug 23, 2018.
10-Q for Q2 FY2018, filed Aug 3, 2018
The sections below describe the company as of the FY2017 annual report.
Services residential mortgage loans for homeowners and mortgage investors, originates home loans, and provides technology and real-estate services to homebuyers, sellers, and real-estate professionals.
10-K for FY2017, filed Mar 2, 2018Nationstar Mortgage Holdings Inc., a Delaware corporation formed in 2011, including our consolidated subsidiaries (collectively…View ↗
We are one of the largest residential loan servicers in the United States. In addition, we operate an integrated residential loan…View ↗
Our success ultimately depends on working with customers, investors and regulators to deliver quality, compliant solutions that foster and…View ↗
Our Originations segment provides integrated mortgage services primarily to our existing servicing customers through our direct-to-consumer…View ↗
We are an integrated servicer, originator and provider of transaction based services for residential mortgages in the United States. Our…View ↗
Mortgage investors and loan owners pay for servicing through fees tied to loan balances, generally earned when borrower payments are collected; subservicing fees are charged monthly per loan. Origination customers pay a flat fee per loan when it is funded.
10-K for FY2017, filed Mar 2, 2018Our success ultimately depends on working with customers, investors and regulators to deliver quality, compliant solutions that foster and…View ↗
We service loans on behalf of investors or owners of the underlying mortgages, and because we do not generally hold loans for investment…View ↗
Service related revenues primarily include contractually specified servicing fees, late charges, prepayment penalties and other ancillary…View ↗
The Company also acts as a subservicer for certain parties that own the underlying servicing rights and receives subservicing fees, which…View ↗
Loan origination and other loan fees generally represent flat, per-loan fee amounts and are recognized as revenue, net of loan origination…View ↗
$1.7B
10-K for FY2017, filed Mar 2, 2018
$1.7B ↗
Homeowners and borrowers are served through the servicing operation, while mortgage investors and servicing-rights owners use servicing or subservicing. Borrowers can apply through the direct-to-consumer channel; correspondent channels and Xome services serve financial institutions and real-estate participants.
10-K for FY2017, filed Mar 2, 2018Our success ultimately depends on working with customers, investors and regulators to deliver quality, compliant solutions that foster and…View ↗
We service loans on behalf of investors or owners of the underlying mortgages, and because we do not generally hold loans for investment…View ↗
We service loans on behalf of our clients who own the underlying servicing rights. Since we do not own the right to service the loan, we do…View ↗
Our Originations segment provides integrated mortgage services primarily to our existing servicing customers through our direct-to-consumer…View ↗
Our Xome segment continues to expand third-party relationships in an effort to diversify revenue. In 2017, third-party revenues, which…View ↗
Yes. It kept 2 cents of every revenue dollar as net income in .
10-K for FY2017, filed Mar 2, 2018
10-K for FY2017, filed Mar 2, 2018
$30MView ↗
10-Q for Q2 FY2018, filed Aug 3, 2018
$58MView ↗
10-Q for Q2 FY2018, filed Aug 3, 2018
Open tableView ↗
8-K, filed Aug 1, 2018
On July 31, 2018, upon the consummation of the Merger, Nationstar, certain subsidiaries of Nationstar (the “Subsidiary Guarantors”) and…View ↗
8-K, filed Jul 17, 2018
Nationstar is targeting Originations adjusted pretax income of $120 million for the full year 2018.View ↗
Shrank. Revenue fell 21% in 4 years, from $2.1B in to $1.7B in , about 6% a year.
Servicing strategy
The older report describes servicing growth as driven mainly by buying servicing rights and originating loans, with subservicing as a path to modest growth. The latest report presents subservicing as an expansion strategy for fee-based operations that use less capital.
10-K for FY2014, filed Feb 27, 2015 10-K for FY2017, filed Mar 2, 2018Since 2007, we have grown our servicing portfolio principally through the acquisition of MSRs and through our origination platform. In…View ↗
Origination focus
The older report emphasizes refinancing existing servicing customers. The latest report describes a focus on a home-purchase and debt-consolidation market and says it launched new production channels.
10-K for FY2014, filed Feb 27, 2015 10-K for FY2017, filed Mar 2, 2018We primarily market mortgage products to existing servicing customers and customers of homebuilders as well as participate in the…View ↗
We intend to make investments to re-engineer our operations and support infrastructure for a mortgage business in a home purchase and debt…View ↗
Competes with Wells Fargo Home Mortgage, Chase Home Finance, Bank of America, Quicken Loans, Freedom Mortgage, Ocwen Financial, PHH, Walter Investment Management, PennyMac Financial Services, Cenlar, Dovenmuehle Mortgage, and LoanCare
10-K for FY2017, filed Mar 2, 2018Our Servicing segment primarily competes against large financial institutions and non-bank servicers. Some of our biggest competitors are…View ↗
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