Nationstar Mortgage Declines to Further Increase Bid for Mortgage Servicing Assets of Residential Capital, LLC

  Nationstar Mortgage Declines to Further Increase Bid for Mortgage Servicing
  Assets of Residential Capital, LLC

Business Wire

LEWISVILLE, Texas -- October 24, 2012

Nationstar Mortgage Holdings Inc. (NYSE:NSM) (“Nationstar”) announced today
that it has decided not to further increase its bid in the bankruptcy auction
for the servicing assets of Residential Capital, LLC and related entities
(collectively, “ResCap”).

Nationstar CEO Jay Bray said, “Price matters. Obviously we are disappointed in
the outcome of the auction, but in the end our judgment was that the price of
the assets would not represent a compelling investment opportunity for us.”

“Currently, there are many sizeable opportunities in this sector and we are
intensely focused on capitalizing on transactions that both grow our franchise
and deliver attractive returns to our shareholders.”

Nationstar’s stalking horse designation entitles the company to a break-up
fee.

About Nationstar Mortgage Holdings Inc.

Based in Lewisville, Texas, Nationstar currently services over one million
residential mortgages totaling $193 billion in unpaid principal balance. In
addition, Nationstar operates an integrated loan origination platform,
enabling Nationstar to mitigate servicing portfolio run-off and improve credit
performance for loan investors. Nationstar currently employs approximately
4,000 people, entirely based in the United States.

Forward-Looking Statements

Any statements in this release that are not historical or current facts are
forward-looking statements. Forward-looking statements include, without
limitation, statements concerning plans, objectives, goals, projections,
strategies, future events or performance, and underlying assumptions and other
statements, which are not statements of historical facts. Forward-looking
statements convey Nationstar’s current expectations or forecasts of future
events. When used in this release, the words “anticipate,” “appears,”
“believe,” “foresee,” “intend,” “should,” “expect,” “estimate,” “target,”
“project,” “plan,” “may,” “could,” “will,” “are likely” and similar
expressions are intended to identify forward-looking statements. These
statements involve predictions of our future financial condition, performance,
plans and strategies, and are thus dependent on a number of factors including,
without limitation, assumptions and data that may be imprecise or incorrect.
Specific factors that may impact performance or other predictions of future
actions have, in many but not all cases, been identified in connection with
specific forward-looking statements. Forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause Nationstar’s
actual results, performance or achievements to be materially different from
any future results, performances or achievements expressed or implied by the
forward-looking statements. Certain of these risks and uncertainties are
described in the “Risk Factors” section of Nationstar Mortgage LLC’s Annual
Report on Form 10-K for the year ended December 31, 2011, and other required
reports, as filed with the SEC, which are available at the SEC’s website at
http://www.sec.gov. We caution you not to place undue reliance on these
forward-looking statements that speak only as of the date they were made.
Unless required by law, Nationstar undertakes no obligation to publicly update
or revise any forward-looking statements to reflect circumstances or events
after the date of this release.

Contact:

Nationstar Mortgage Holdings Inc.
Marshall Murphy, 469-549-3005
 
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