Nationstar closes on $16 billion in Aurora servicing

Now what: If we can say one thing about Nationstar, it’s that the company is aggressively targeting growth. In June, it closed on the acquisition of the Aurora portfolio, a $63 billion servicing.

Pursuant to the Amended and Restated Asset Purchase Agreement, on June 12, 2012, Nationstar and the Sellers closed on a portion of Nationstar’s purchase of the mortgage servicing rights (the "MSRs") and servicing advance receivables, which portion relates to loans in government-sponsored enterprise pools, with an unpaid principal balance.

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Nationstar is on the move. They will soon become the largest non-bank servicer in the U.S. On June 15, Nationstar closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank (Housingwire).

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Nationstar closes on $16 billion in Aurora servicing No Guidance. Nationstar made $4.1 billion in loans in the third quarter, down from $4.4 billion a year earlier, the company said yesterday. Nationstar made $4.1 billion in loans in the third quarter, down from $4.4 billion.

Nationstar Mortgage Services [stock NMS][/stock] closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank.The rights are tied to loans. Nationstar closes on $16.

"Nationstar has been expanding by buying mortgage servicing rights. It added $16 billion of rights in the third quarter and will close on another $27 billion by the end of 2015’s first quarter, the company said. That would bring Nationstar’s total to about $405 billion, or close to surpassing Atlanta-based Ocwen as the No. 1 nonbank.

On June 15, Nationstar closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank (housingwire). nationstar mortgage services [stock NMS][/stock] closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank.The rights are tied to loans.

Nationstar Acquires Aurora Bank Servicing Rights. Nationstar Mortgage LLC, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings Inc., has completed its acquisition of approximately $63.7 billion in residential mortgage servicing rights from Aurora Bank FSB (f/k/a Lehman Brothers Bank) and its wholly owned subsidiary aurora.

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Nationstar Closes on Acquisition of $8.5 Billion GSE Servicing Portfolio.. Nationstar Mortgage Announces Pricing of $2.0 Billion Servicing Advance Securitization and Other Facilities. 6/6/2013. Nationstar Mortgage Completes Acquisition of Servicing Assets of Aurora Bank.