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Nationstar Leads Servicer Plunge as Probes Widen: Mortgages

More investors in U.S. mortgage servicers lost faith in the firms yesterday as quarterly results highlighted their struggles to expand into businesses, control costs and address issues raised by regulators.

Nationstar Mortgage Holdings Inc. plunged a record 22 percent yesterday, increasing its losses this year to 25 percent. Walter Investment Management Corp. tumbled 21 percent, leaving it down 51 percent in 2014. Ocwen Financial Corp., the largest nonbank servicer, has fallen 61 percent this year.