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Last $17.38 USD
Change Today +0.58 / 3.45%
Volume 3.8M
NSM On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).

nationstar mortgage holdings (NSM) Snapshot

Open
$16.79
Previous Close
$16.80
Day High
$17.45
Day Low
$16.79
52 Week High
11/5/14 - $37.00
52 Week Low
06/30/15 - $16.24
Market Cap
1.9B
Average Volume 10 Days
2.8M
EPS TTM
$1.85
Shares Outstanding
109.2M
EX-Date
--
P/E TM
9.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for NATIONSTAR MORTGAGE HOLDINGS (NSM)

nationstar mortgage holdings (NSM) Related Businessweek News

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nationstar mortgage holdings (NSM) Details

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 Greenlight Financial Services and Nationstar brands. This segment primarily market mortgage products to existing servicing customers and customers of homebuilders, as well as participate in the correspondent market. The Solutionstar segment provides technology and data solutions to homebuyers, home sellers, real estate agents, and companies engaged in the origination and/or servicing of mortgage loans. This segment, through its real estate market portal HomeSearch.com, offers real estate exchange services; and real estate services comprising title and escrow, collateral valuation, and asset management services. The company serves homeowners, homebuyers, home sellers, investors, real estate agents. Nationstar Mortgage Holdings Inc. was founded in 1994 and is headquartered in Coppell, Texas.

5,500 Employees
Last Reported Date: 02/27/15
Founded in 1994

nationstar mortgage holdings (NSM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $349.0K
Chief Executive Officer of Solutionstar Holdi...
Total Annual Compensation: $57.7K
Chief Strategy & External Affairs Officer and...
Total Annual Compensation: $400.0K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $380.0K
Compensation as of Fiscal Year 2014.

nationstar mortgage holdings (NSM) Key Developments

Nationstar Mortgage Holdings Inc.(NYSE:NSM) dropped from Russell 1000 Index

Nationstar Mortgage Holdings Inc. will be removed from Russell 1000 Index.

Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Nationstar Mortgage Holdings Inc

Ryan & Maniskas, LLP announced that a class action lawsuit has been filed in United States District Court for the Southern District of Florida on behalf of all persons or entities that purchased the common stock of Nationstar Mortgage Holdings Inc. between July 23, 2014 and May 13, 2015, inclusive (the Class Period). The complaint alleges that defendants made materially false and misleading statements regarding the company's business practices. Specifically, the complaint alleges that Nationstar: (i) failed to comply with laws and regulations for mortgage servicing rights (MSRs); (ii) illegally enhanced its profits through unsustainable means, such as charging for repeated and unnecessary inspections; and (iii) was experiencing significantly increased costs of servicing MSRs with diminished profitability, in part because of a probe into the company's loan servicing practices launched by the New York State Department of Financial Services.

Robbins Geller Rudman & Dowd LLP Files Class Action Suit against Nationstar Mortgage Holdings Inc

Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced on behalf of an institutional investor in the United States District Court for the Southern District of Florida on behalf of purchasers of Nationstar Mortgage Holdings Inc. common stock during the period between February 27, 2014 and May 4, 2015. The complaint alleges that during the Class Period, defendants issued materially false and misleading statements about the Company's business, future revenues, operating results and financial prospects. Nationstar claimed to be improving its profitability as a result of increased servicing revenue on its exponentially expanding MSR portfolio and as a result of profits being 'earned' by its Solutionstar subsidiary, with which it had contracted to provide various loan services. However, Nationstar failed to disclose deficiencies in management control and supervision necessary to ensure the company's compliance with applicable laws and regulations in connection with the servicing of MSRs, and that Nationstar had been gouging mortgagors and illegally enhancing its profits through illicit practices, such as charging for repeated, unnecessary inspections, which resulted in additional late payment fees, and pressuring mortgagors to carry out expensive modifications and refinances on their mortgages. In addition, heightened regulatory scrutiny into MSR transferring and servicing, including a probe into Nationstar's own loan servicing practices launched by the New York State Department of Financial Services in March 2014, was significantly increasing Nationstar's costs of servicing MSRs and diminishing the profitability and carrying value of the Company's MSR portfolio. Defendants' false and misleading statements and omissions regarding the company's business, future revenues, operating results and financial prospects issued during the Class Period caused Nationstar common stock to trade at artificially inflated prices of as high as $38 per share.

 

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NSM Competitors

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Company Last Change
Flagstar Bancorp Inc $18.12 USD -0.28
Ocwen Financial Corp $10.05 USD -0.10
PennyMac Financial Services Inc $17.76 USD -0.20
PHH Corp $25.70 USD 0.00
Walter Investment Management Corp $22.75 USD +0.11
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Industry Analysis

NSM

Industry Average

Valuation NSM Industry Range
Price/Earnings 10.2x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 12.4x
TEV/Sales NM Not Meaningful
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