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Nationstar Mortgage Closes on Acquisition of Approximately $97 Billion in Mortgage Servicing Assets from Bank of America



  Nationstar Mortgage Closes on Acquisition of Approximately $97 Billion in
  Mortgage Servicing Assets from Bank of America

Business Wire

LEWISVILLE, Texas -- February 4, 2013

Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading
residential mortgage services company, announced today that it has closed the
purchase of mortgage servicing rights (“MSR”) with an approximate $97 billion
unpaid principal balance (“UPB”), based on December 31, 2012 closing balances
and certain other assets from Bank of America. The transaction was completed
pursuant to the previously announced MSR purchase and sale agreement, dated
January 6, 2013. This servicing portfolio consists of rights to service loans
that are owned, insured or guaranteed by Fannie Mae, Freddie Mac, and Ginnie
Mae.

“We are glad to have completed this important milestone in the acquisition
according to schedule,” said Nationstar CEO Jay Bray. “We look forward to
boarding these portfolios over the next several months and working in
partnership with Bank of America to ensure customers experience a smooth
transition to Nationstar.”

Nationstar expects to close on the remaining private label securitization MSR
and other certain asset purchases as necessary third-party approvals are
received in Q1 and Q2 2013.

About Nationstar

Based in Lewisville, Texas, Nationstar offers servicing, origination, and real
estate services to financial institutions and consumers. Nationstar is one of
the largest servicers in the United States, with a servicing portfolio of over
1.8 million residential mortgages in excess of $300 billion in unpaid
principal balance as of February 1, 2013. Nationstar’s integrated loan
origination business mitigates servicing portfolio run-off and improves credit
performance for loan investors. Our Solutionstar business unit offers asset
management, settlement, and processing services. Nationstar currently employs
over 4,900 people.

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 Form 10-K
for the year ended December 31, 2011, Nationstar’s Form 10-Q for the quarter
ended September 30, 2012, and other reports 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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