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April 28, 2015 1:01 PM ET

Thrifts and Mortgage Finance

Company Overview of Nationstar Mortgage Holdings Inc.

Company Overview

Nationstar Mortgage Holdings Inc. provides servicing, origination, and transaction based services to single-family residences in the United States. It operates in three segments: Servicing, Originations, and Solutionstar. The Servicing segment offers residential mortgage services, such as loan administration, payment processing, mortgage escrow account administration, collection of insurance premiums, and response to homeowner inquiries, as well as loss mitigation solutions, including loan modifications and supervision of foreclosures and property dispositions on behalf of the owners of the loans. The Originations segment originates conventional residential mortgage loans under the Greenligh...

8950 Cypress Waters Boulevard

Coppell, TX 75019

United States

Founded in 1994

5,500 Employees

Phone:

469-549-2000

Key Executives for Nationstar Mortgage Holdings Inc.

Chief Executive Officer and Director
Age: 47
Total Annual Compensation: $450.0K
President and Chief Operating Officer
Age: 53
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice President
Age: 41
Total Annual Compensation: $349.0K
Chief Executive Officer of Solutionstar Holdings LLC
Age: 45
Total Annual Compensation: $57.7K
Chief Strategy & External Affairs Officer and Executive Vice President
Age: 54
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

Nationstar Mortgage Holdings Inc. Key Developments

Nationstar Mortgage Seeks Acquisitions

Nationstar Mortgage Holdings Inc. (NYSE:NSM) is seeking acquisitions. Nationstar priced 17.5 million shares of its common stock in an underwritten public offering for gross proceeds of approximately $500 million. Nationstar also granted the underwriters a 30 day option to purchase up to an additional 2.6 million shares of its common stock. Nationstar intends to use the net proceeds from this offering for general corporate purposes, which may include future acquisitions, transfers of servicing portfolios, funding of advances and repayment of obligations, including corporate indebtedness.

Nationstar Mortgage Seeks Acquisitions

Nationstar Mortgage Holdings Inc. (NYSE:NSM) intends to use the net proceeds from the offering of 17.5 million shares of its common stock, subject to the successful completion, for general corporate purposes, which may include future acquisitions, transfers of servicing portfolios, funding of advances and repayment of obligations, including corporate indebtedness.

Nationstar Mortgage Holdings Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Nationstar Mortgage Holdings Inc. reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income attributable to the company of $19 million, or $0.21 per diluted share, down from $111.2 million or $1.22 per share in the third quarter. Excluding a deferred tax allowance released in the third quarter, net income was $68 million, or $0.75 per share. GAAP EPS in the quarter was down principally due to a $46 million non-cash MSR mark-to-market adjustment and increased amortization in servicing segment. Core EPS for the quarter was $0.58, down from $0.80 in the third quarter. Core EPS was down principally related to increased amortization and higher servicing expenses in the quarter. The company reported total revenues of $449.4 million compared to $504.3 million, income before taxes of $32.0 million compared to $109.6 million and operating cash flow of $118 million compared to $121 million in third quarter of 2014. For the year, net income attributable to the company was $220.7 million, or $2.45 per diluted share, up from $217.1 million, or $2.40 per diluted share for full-year 2013. The company generated core EPS of $2.86 per share, up 61% from 2013, due to greater earnings contribution from core operations versus increases in the fair value of mortgage servicing rights. The company reported total revenues of $1,973.1 million compared to $2,086.99 million, income before taxes of $285.9 million compared to $346.3 million and operating cash flow of $363 million compared to $35 million in 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 21, 2015
$8.5 Billion GSE Servicing Portfolio
 

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