Nationstar closes on $16 billion in Aurora servicing

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Nationstar closes on $16 billion in Aurora servicing

Nationstar closes on $16 billion in Aurora servicing

This after Nationstar to buy $10.4 Billion in Mortgage-Servicing Rights from BofA and looking for others!


Housing Wire-

Nationstar Mortgage Services closed on a deal to buy $16.1 billion in servicing rights previously owned by Aurora Bank.

The rights are tied to loans bundled into Fannie Mae and Freddie Mac pools, according to a financial filing.

In March, Aurora agreed to sell $63 billion in MSRs to Nationstar.

Nationstar said it expects to close on the remaining servicing rights on June 26.

[HOUSING WIRE]

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2 Responses to “Nationstar closes on $16 billion in Aurora servicing”

  1. Todd Krejci says:

    My loan was with Aurora.
    Now I recieved a trustee sale from Nationstar.
    What are my options?

  2. Todd Krejci says:

    cftc cant stop these banks
    lets think this through people…
    A bank steals from the people, the gov. fines the bank a pittance and keeps the pittance.
    bank steals 100–Gov fines 20—people that were fleeced 0

    Didnt the banks steal trillions from public on LIbor take down?
    didnt the gov. fine them? where did that money go?
    back to the students parents that were overpaying on the fixing of these rates?

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