I'm a WMIH investor and would like to have some of your bloggers share with us how you feel about what is happening.

probably next week

Have you guys received your cash yet. When does the stock shares show up at your broker?

yes, deal is done
12.7793 shares for won, if you don't recieve cash

The NSM investor relations page had WMIH INC at the bottom of the page last night, so merger must have happened. I can't post of the WMIH board (banned for my big mouth), but I thought someone there would have caught that by now.

The only comment on the merger I saw was by the CEO:

In closing, I'm truly excited to announce that we will be closing our merger transaction on July 31st as we have received all necessary approvals. We appreciate the support of our shareholders, the WMIH shareholders and all our partners who have provided these approvals. We firmly believe that this transaction creates value for all shareholders. Post merger, we will be a better positioned business with additional free cash flow created by cash tax savings.

We plan to utilize this increased cash flow for continued investments and disciplined capital management. I've been here for over 18 years, and I can tell you I've never been as excited as I am now about the future of this platform, given all the opportunities for each of our segments we look forward to growing our differentiated platform and building value for our shareholders and customers.

Nationstar/WMIH Merger Closing on July 31, 2018

https://www.prnewswire.com/news-releases/wmih-and-nationstar-mortgage-announce-election-deadline-for-preferred-form-of-merger-consideration-300681640.html

Jay Bray will be selling us today all the positive aspects surrounding WMIH-NSM merger.

Nationstar to Discuss Second Quarter Results on July 17, 2018

DALLAS--(BUSINESS WIRE)--Jul 12, 2018--Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) plans to discuss its financial results for the second quarter 2018 on Tuesday, July 17, 2018 at 9:00 A.M. Eastern Time. A copy of the press release will be posted prior to the call in the Investor Information section of Nationstar’s website, www.nationstarholdings.com. The conference call may be accessed by dialing 855-874-2685 (toll-free), or 720-634-2923 (international), five minutes prior to the scheduled start of the call. Please use the participant passcode 7668739 to access the conference call. A simultaneous audio webcast of the conference call will be available in the Investor Information section of www.nationstarholdings.com.

A telephonic replay will also be available approximately two hours after the conclusion of the conference call by dialing 855-859-2056 (toll-free), or 404-537-3406 (international). Please use the passcode 7668739 to access the replay. The replay will be accessible through July 31, 2018.

https://www.scnow.com/news/business/wire/article_52bd5ebf-29be-55fa-ba81-c79c5b1a492d.html

http://investors.nationstarholdings.com/Cache/1001239444.PDF?O=PDF&T=&Y=&D=&FID=1001239444&iid=4288863

I have a few questions:

- The numbers NSM reports today... can they start using the NOLs for tax benefits?

- Will NSM be holding the best news for next quarter? not to influence those that have to make up their minds Cash vs Shares by July 26th.

- Could Jay Bray announce something else (pending for after merger is sealed?

According to CIT, the company “outsourced the payment, servicing and administration of duties” on its $5.2 billion mortgage servicing portfolio to a “leading national provider” of residential servicing. The company did not disclose which company is taking over the servicing of its mortgage portfolio, nor did it disclose any financial details of the servicing deal.
The company also did not reveal any further financial details on the sale of Financial Freedom

I believe majority of NSM holders will want WMIH shares as their choice on July 26th.

"Nationstar stockholders whose election materials are not received in proper form by the exchange agent by the Election Deadline will be deemed to have made a stock election"

Now that we know dates looking forward to days advancing. Last few days for buying opportunity in WMIH.

https://www.ftc.gov/enforcement/premerger-notification-program/early-termination-notices/20180866

https://www.nasdaq.com/symbol/nsm/institutional-holdings

https://ih.advfn.com/p.php?pid=nmona&article=77863234

$WMIH

Thanks, a German poster said the deadline is 07/10/2018 which would be Tuesday, can someone confirm please?

yes, i think it is Monday

Did any NSM holder already get the papers for cash/share election for the merger with WMIH?

If yes, what is the deadline for the election?

Thanks...

Keep asking... Each time, refer to his original answer. Keep doing this until the answer sinks in. Good luck!

Yes, I understand that, but why pay a "premium" above $18 for NSM shares. One part of the NSM shares will be cashed out with "only" $18 (==> guaranteed loss for a part of the NSM shares bought above $18 IMO), even if they choose to receive WMIH shares because not all NSM shares can be exchanged for WMIH shares (the number of WMIH shares NSM shareholders receive is fixed, there will be proration)!

JWW ,there's less risk here if the merger does not happen. NSM was trading at these levels without the merger news whereas Wmih was considerably lower. Personally expect it to happen without a hitch but there aren't any guarantees.

Why buy NSM > $18 and not WMIH instead??? Can someone explain why currently some people pay more than $18 for NSM after the merger news with WMIH? They can choose 18$ cash or WMIH shares (subject to proration). If they pay more than $18 now, and then elect to receive $18 cash, they suffer a loss. Makes no sense.

The conversion ratio to WMIH is 12.7793, so for 1 NSM share (which can elect to receive $18 cash) they can receive 12.7793 shares of WMIH, which means $18 / 12.7793 = $1.408.

WMIH is currently at "only" $1.39. So why people don't buy WMIH below $1.40? Instead they pay more than the maximum of $18 cash for NSM now? I do not understand that. Are that shorts covering?!?

Could someone please explain?

where is everybody ..........

https://seekingalpha.com/article/4146690-buy-nationstar-mortgage-holdings-upside-25-percent-downside-due-deal-wmih?source=nasdaq

do you, or anyone know the cutoff date for NSM ownership in order to participate in 18.00/share offer? that's 9.00 over what it traded at 2 years ago.

WMIH Corp. finds its target in Nationstar Mortgage

https://seekingalpha.com/news/3330439-wmih-corp-finds-target-nationstar-mortgage?app=1&uprof=46#email_link


The former Washington Mutual, now with WaMu's legacy reinsurance business and essentially a special purpose acquisition company majority-owned by KKR, WMIH has about $600M of cash on hand and roughly $6B in net operating loss carryforwards which don't expire until 2032.

Nationstar (NYSE:NSM) owners can receive either $18 per share in cash or 12.7793 shares of WMIH common stock for each share of NSM they own. Nationstar shareholders will own about 36% of the combined company.

In toto, it's about a $4B deal. It's seen closing in H2.

I DEFINITELY WANT SHARES OF WMIH!! POTENTIALLY GROWING FAST AND FURIOUS TO $50/SH

*WMIH to Merge w Nationstar

Ocwen upgraded at Compass Point; shares higher by 13% premarket (4/21/17)

Apr. 21, 2017 9:12 AM ET|About: Ocwen Financial Corporation (OCN)|By: Stephen Alpher, SA News Editor

Fred Small at Compass Point has been a notable bear on Ocwen Financial (NYSE:OCN) in the past, so his upgrade to Buy this morning is at least somewhat notable. Shares are higher by 13% in active premarket action, but the move is barely a blip compared to yesterday's 53% washout.

Wedbush's Hencry Coffey says Nationstar Mortgage (NYSE:NSM) could be a beneficiary of the latest Ocwen issues, maybe taking over the servicing Ocwen currently handles for New Residential, or possibly picking up business from Walter Investment (NYSEMKT:WAC) or PHH.
Altisource Portfolio Solutions (NASDAQ:ASPS) +7.3%; Altisource Residential (NYSE:RESI) +2.4%

New Residential (NYSE:NRZ) +2.6%

Previously: Ocwen takes issue with state regulators (April 21)

https://seekingalpha.com/news/3258669-ocwen-upgraded-compass-point-shares-higher-13-percent-premarket

Nationstar Awarded Top Servicing Performance Rating from Fannie Mae (4/17/17)

For the third consecutive year, Nationstar is recognized by the STAR program for helping homeowners and demonstrating excellence in servicing home loans

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage announced today that the company received Fannie Mae’s Servicer Total Achievement and Rewards™ (STAR™) performer recognition for overall performance in 2016. The STAR Program recognizes top-performing mortgage servicers for outstanding customer service and helping homeowners find the right solutions to fit their needs. This is the third year in a row Nationstar has received the highest level of recognition for top servicing performance.

“We are honored to receive the highest level of recognition from Fannie Mae’s STAR program for the third year in a row and proud to be recognized for helping to keep the dream of homeownership alive for our customers.”

“This recognition belongs to our dedicated team members who are focused on giving our customers the best home loan experience possible,” said Jay Bray, Chairman and CEO of Nationstar. “We are honored to receive the highest level of recognition from Fannie Mae’s STAR program for the third year in a row and proud to be recognized for helping to keep the dream of homeownership alive for our customers.”

Fannie Mae’s STAR Program recognizes top performing servicers within one or more of three STAR Performer categories: General Servicing, Solution Delivery and Timeline Management. The 2016 program was evolved to align with the post-crisis mortgage environment and Fannie Mae’s renewed focus on the partnership with their customers.

About Nationstar Mortgage Holdings Inc.

Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction based services related principally to single-family residences throughout the United States. With experience spanning more than 20 years, Nationstar is one of the largest servicers in the country. Additional corporate information is available in the Shareholder Relations section of www.mynationstar.com.

http://www.businesswire.com/news/home/20170417005061/en/Nationstar-Awarded-Top-Servicing-Performance-Rating-Fannie

Nationstar Establishes Subservicing Relationship with New Residential (1/030/17)

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) announced today that it has entered into a subservicing agreement with New Residential Mortgage LLC, a wholly owned subsidiary of New Residential Investment Corp. (NYSE: NRZ) (“New Residential”), a leading investor in mortgage servicing related assets. Nationstar anticipates subservicing up to $97 billion UPB mortgage loans underlying the mortgage servicing rights (“MSRs”) that New Residential has agreed to purchase from CitiMortgage, Inc.

"This announcement further demonstrates Nationstar’s role as a leading subservicing provider to the residential mortgage servicing market. We look forward to welcoming over 750,000 customers to Nationstar, and believe our strategic relationship with New Residential will create meaningful value for these customers and our shareholders,” said Jay Bray, Chairman and Chief Executive Officer of Nationstar.

Nationstar expects the MSRs to board beginning in the second quarter of this year and continue boarding throughout 2017. The transfer of subservicing to Nationstar is subject to GSE and other regulatory approvals and certain customary closing conditions.

About Nationstar Mortgage LLC

Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States. With experience spanning more than 20 years, Nationstar is one of the largest servicers in the country. Additional details about Nationstar can be found at www.mynationstar.com.

http://www.businesswire.com/news/home/20170130005321/en/Nationstar-Establishes-Subservicing-Relationship-Residential

NSM bearish 10.47

bearish power candle through support and moving averages
macd crossing down
stochastics rolling over down
recent high volume draws attention to watch support and resistance
might drop fast after May's support low
some might consider a head and shoulders pattern here

Seneca Mortgage Servicing Awards Nationstar $50 Billion Subservicing (6/15/16)

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) has been selected by Seneca Mortgage Servicing LLC (“Seneca”) as the subservicer for existing and future acquisitions of mortgage servicing rights (“MSRs”) held by Seneca. Based near Buffalo, New York, Seneca currently owns approximately $50 billion in MSRs comprised primarily of Fannie Mae and Freddie Mac residential mortgages. Along with the subservicing, Nationstar will expand its presence in the northeast as the Company assumes Seneca’s existing site, including many highly skilled team members involved in the servicing of the existing portfolio.

“Since entering the MSR space in 2014, Seneca’s development into a top non-bank mortgage servicer has been a testament to our Buffalo platform and committed employees who helped us achieve that growth,” said Bharat Bhatt, Seneca’s Chairman of the Board. “We are pleased to partner with an experienced and respected subservicer in Nationstar, a company with similar roots and a strong commitment to serving its customers. They are the best partner for Seneca’s existing customers and for our continued growth as we add MSRs to our portfolio through flow and bulk acquisitions.”

“We continue to demonstrate the strength of our industry-leading mortgage servicing platform,” said Jay Bray, President and Chief Executive Officer of Nationstar Mortgage. “Subservicing has become a powerful growth vehicle for Nationstar driven by our focus on the customer and continual investments in technology, process, and compliance. Seneca's highly-regarded team will help advance our subservicing growth strategy and we are excited to welcome them to the Nationstar family."

The Seneca subservicing will be in addition to the previously announced $55 billion private label subservicing partnership. Subserviced portfolios leverage the existing infrastructure, require minimal capital outlay and provide an attractive source of growth. Nationstar currently anticipates its total servicing portfolio to consist of over $100 billion in subserviced portfolios by year-end.

This transaction will be subject to regulatory approvals and final closing items. Barclays and Houlihan Lokey served as financial advisors and Sullivan & Cromwell LLP and Alston & Bird LLP acted as legal advisors to Seneca. Sidley Austin LLP acted as legal advisor to Nationstar.

About Seneca Mortgage Servicing LLC

Seneca is a nationally licensed residential mortgage servicer specializing in prime and special servicing. A wholly owned subsidiary of Seneca Mortgage Investments LP, Seneca acquires and services the MSRs for a diverse portfolio of government-sponsored and investor loans. A Fannie Mae, Freddie Mac, Ginnie Mae, HUD and VA approved mortgage servicer, Seneca utilizes an experienced and forward-thinking management team, effective operational processes and consistent investment in technology to provide best-in-class service for borrowers.

About Nationstar Mortgage LLC

Based in Dallas, Texas, Nationstar provides quality servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available in the Shareholder Relations section of www.nationstarmtg.com.

http://www.businesswire.com/news/home/20160615005404/en/Seneca-Mortgage-Servicing-Awards-Nationstar-50-Billion

Nationstar Announces Expiration and Preliminary Results of Modified “Dutch Auction” Self-Tender (3/14/16)

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (“Nationstar” or the “Company”) (NYSE:NSM) today announced the expiration and preliminary results of its modified “Dutch auction” self-tender offer to repurchase up to $100,000,000 in cash of shares of its common stock.

Nationstar’s modified “Dutch auction” self-tender offer expired at 5:00 p.m., New York City time, on March 11, 2016. Based on the preliminary count by American Stock Transfer & Trust Company, LLC, the depositary for the self-tender offer, 7,450 of Nationstar’s shares were properly tendered (and not properly withdrawn) at a price at or below the final purchase price of $9.40 per share. In accordance with the terms of the self-tender offer, and based on these preliminary results, Nationstar expects to repurchase 7,450 of its shares at the final purchase price of $9.40 per share, for a total cost of approximately $70,030, excluding fees and expenses relating to the self-tender offer. The shares expected to be repurchased in the self-tender offer represent less than 1% of Nationstar’s issued and outstanding shares as of March 11, 2016.

On February 10, 2016, the last full day of trading before Nationstar announced the commencement of its self-tender offer, the closing price of its common stock was $8.61 per share. On March 11, 2016, the closing price of Nationstar’s common stock was $12.71 per share.

The number of shares expected to be repurchased in the self-tender offer is preliminary and subject to change. Nationstar will fund the repurchase of shares in the self-tender offer using a portion of its cash and cash equivalents on hand. Payment for Nationstar’s shares accepted for purchase in the self-tender offer will occur promptly after the final number of shares properly tendered and not properly withdrawn is confirmed by the depositary for the self-tender offer.

Nationstar remains committed to returning capital to its stockholders through a share repurchase program. Based on the preliminary results described above, under its previously announced share repurchase program, Nationstar estimates that it currently maintains capacity to repurchase up to approximately $184 million of its common stock. Under the program, the Company may repurchase its shares from time to time in the open market or in privately negotiated transactions. The amount and timing of any repurchases will depend on a number of factors including the price and availability of the Company's shares, trading volume, capital availability, Company performance and general economic and market conditions. The share repurchase program may be suspended or discontinued at any time.

J.P. Morgan Securities LLC is serving as dealer manager for the self-tender offer. Innisfree M&A Incorporated is serving as information agent for the self-tender offer, and American Stock Transfer & Trust Company, LLC is serving as depositary for the self-tender offer. Stockholders and investors who have questions or need information about the self-tender offer may contact Innisfree M&A Incorporated at 1-888-750-5834.

About Nationstar

Based in Dallas, Texas, Nationstar provides servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available on the Shareholder Relations section of www.nationstarmtg.com.

http://www.businesswire.com/news/home/20160314005295/en/Nationstar-Announces-Expiration-Preliminary-Results-Modified-%E2%80%9CDutch

Nationstar Reports Fourth Quarter and Full Year 2015 Financial Results

• Q4’15 GAAP EPS of 73 cents, adjusted EPS of 32 cents

• Servicing profitability of 5.1 basis points (bps), up 42% quarter-over-quarter

• $91 billion of servicing assets boarded in 2015, up 56% year-over-year

• On track with boarding $55 billion subservicing contract

• Originations adjusted pretax income of $43 million, 8th consecutive quarter of more than $40 million

• Announced repurchase of up to $250 million in common stock

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) reported adjusted earnings results for the fourth quarter of $34 million, or 32 cents per share, driven principally by sequential improvement in servicing profitability and strong originations earnings. The Company generated GAAP net income in the fourth quarter of $79 million, or 73 cents per share.

Our Servicing segment continued to generate solid cash flows with sequential improvement in profitability to exit the year above our target of five basis points. In addition, our Originations segment had a strong fourth quarter, posting its best annual performance since 2012 and continues to provide a cost effective source of new servicing assets,” said Jay Bray, Chief Executive Officer.

“Looking forward, we remain focused on taking steps that improve customer experience and drive customer retention while delivering greater value for our shareholders. We enter 2016 well positioned from a strategic, operational and capital perspective,” Bray added.

Fourth Quarter and Full Year Business Highlights

Servicing Segment

The Servicing segment achieved $51 million of adjusted pretax income, or 5.1 bps based upon average UPB, for the quarter. Adjusted pretax income improved for the fourth straight quarter as we reduced delinquency rates and implemented technology and process initiatives to drive improved profitability. For the year, amortization was up $100 million, or 2.0 bps, compared to 2014 and was the primary driver of lower servicing earnings year-over-year. Nationstar reiterates its previous long-term profitability target of 5 to 7 bps for the Servicing segment in 2016.

[tables deleted]

During 2015, $91 billion of servicing assets were boarded as a result of acquisitions and origination activities, up 56% year-over-year. In addition, we were awarded a $55 billion subservicing contract by a leading financial institution in the fourth quarter for which the boarding remains on track. The servicing portfolio CPR decreased to 13.8% in the quarter, or 11.5% net of recapture. For 2016, before consideration of potential MSR acquisitions, we expect the current servicing portfolio to grow modestly, with limited utilization of capital, given the recent subservicing win, expected origination activity and current CPR rates.

For 2016, our servicing segment is focused on achieving high quality earnings that exceed 5 bps through the delivery of services that exceed the expectations of both customers and regulators.

Originations Segment

The Originations segment generated adjusted pretax income of $43 million in the fourth quarter in line with our expectations. It has now achieved eight consecutive quarters of pretax income above $40 million.

The originations platform continues to replenish the MSR portfolio at attractive rates of return. As expected, adjusted pretax income decreased sequentially principally due to the industry-wide implementation of TRID and general seasonality in the fourth quarter. Nationstar funded $4.0 billion of volume during the quarter with 60% of the volume generated from the consumer direct channel.

Key initiatives for 2016 include increasing customer recapture by focusing on multiple segments within the servicing portfolio, expanding our FHA/VA streamline capabilities and reducing operating expenses.

Xome Segment

Xome delivered $6 million in pretax income in the fourth quarter. Earnings were down sequentially due to an increase in technology and marketing investments, higher title expenses due to TRID delays and increased title orders, and a reduction in property sales attributable to seasonality and pipeline delays that are in the process of being addressed. Third party revenues, which primarily consists of leading financial institutions, increased to 37% of total revenues, as Xome continues to focus on diversifying its revenue streams and client base.

Xome's total revenues increased 43% year-over-year principally due to higher sales price execution on property sales and growth in our title and close business. During the year, Xome invested over $140 million to advance its strategy through the acquisition of three companies, the development and launch of new products and technologies, including Xome.com and mobile apps, establishing an offshore captive and building out corporate infrastructure. We expect similar investments for Xome to be between $25 - $30 million in 2016.

In 2016, Xome will continue to transform the residential real estate transaction experience for consumers and real estate professionals. Key strategies for 2016 include improving core operations, continuing to grow third party clients and making measured investments in new products and technologies that will serve the needs of clients and target customers.

Capital and Liquidity

During the fourth quarter, we repurchased $109 million of multiple tranches of unsecured senior notes due between 2018 and 2022. In December 2015, the Company announced a Board-authorized common stock repurchase program of up to $150 million of common stock. As of the date of this release, approximately $66 million of common stock was repurchased under that initial $150 million program. On February 11, 2016, Nationstar announced a Board-authorized tender offer via a modified Dutch auction to repurchase up to $100 million of common stock. Repurchases under the tender offer will be part of our share repurchase program initiated in December 2015 and increased in connection with the tender offer by $100 million in February 2016. The tender offer is scheduled to expire on March 11, 2016, unless the tender offer is extended or withdrawn.

Information Regarding the Tender Offer

The information above relating to the tender offer is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any shares of our common stock. The solicitation and offer to buy our common stock is being made only pursuant to the Offer to Purchase, the Letter of Transmittal and the other offer materials that we have filed with the SEC and sent to our shareholders. Shareholders and investors are urged to read our Tender Offer Statement on Schedule TO, the Offer to Purchase, the related Letter of Transmittal and the other offer materials, as well as any amendments or supplements to the Schedule TO that we file with the SEC, because they contain important information, including various terms and conditions of the tender offer.

Conference Call Webcast and Investor Presentation

The Company will host a conference call on February 25, 2016 at 9:00 A.M. Eastern Time. The conference call may be accessed by dialing 855-874-2685, or 720-634-2923 internationally, five minutes prior to the scheduled start of the call. Please use the participant passcode 55944606 to access the conference call.

A simultaneous audio webcast of the conference call will be available on the Shareholder Relations section of http://www.nationstarmtg.com. Please click on the February 25, 2016 Conference Call link to access the call. A replay will be also be available approximately two hours after the conclusion of the conference call by dialing 855-859-2056, or 404-537-3406 internationally. Please use the passcode 55944606 to access the replay. The replay will be accessible through March 10, 2016.

Non-GAAP Financial Measures

This disclaimer applies to every usage of "adjusted pretax income," "adjusted earnings," "adjusted EPS," and "servicing profitability" in this release. Adjusted pretax income is a metric that is used by management to provide a better depiction of the results of servicing operations by excluding changes in fair value of the MSR and non-recurring expenses. Adjusted earnings is a metric used by management to provide an estimate of earnings by excluding mark-to-market ("MTM") adjustments and non-recurring expenses. Adjusted earnings begins with net income and makes adjustments for taxes, the adjustment for fair value of MSRs and non-recurring expenses. Servicing profitability is a metric used by management to estimate earnings from the servicing segment. Servicing profitability begins with adjusted earnings and adjusts for financing structure payments. For additional servicing GAAP reconciliations, please refer to the Appendix section of the Q4'15 and FY'15 Investor Supplement.

About Nationstar

Based in Dallas, Texas, Nationstar provides servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available on the Stockholders section of www.nationstarmtg.com.

http://www.businesswire.com/news/home/20160225005543/en/Nationstar-Reports-Fourth-Quarter-Full-Year-2015

MBA: Mortgage Delinquency Rate Fell To 4.77% In Q4 (2/19/16)

The delinquency rate (30 days or more past due) for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.77% of all loans outstanding at the end of the fourth quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

It was the lowest national delinquency rate since the third quarter of 2006.

The delinquency rate decreased 22 basis points from the previous quarter and 91 basis points from the fourth quarter of 2014, according to the report, which does not include loans in the process of foreclosure with the delinquency rate.

About 0.36% of all loans saw foreclosure starts during the fourth quarter – a decrease of two basis points from the previous quarter and a decrease of 10 basis points from one year earlier. It was the lowest foreclosure starts rate since the second quarter of 2003.

As of the end of the fourth quarter, about 1.77% of all loans were in some stage of foreclosure, down 11 basis points from the third quarter and down 50 basis points compared with the fourth quarter of 2014.

About 3.44% of mortgages were seriously delinquent (90 days or more past due) at the end of the fourth quarter – a decrease of 13 basis points compared with the previous quarter and a decrease of 108 basis points compared with a year earlier.

Both the foreclosure inventory rate and the serious delinquency rate were the lowest they’ve been since the third quarter of 2007.

“As the job market has improved and national home prices have rebounded, fewer borrowers were becoming seriously delinquent, while borrowers previously behind on their payments were in a better position to pursue alternative options to resolve delinquent loans,” says Marina Walsh, vice president of industry analysis for the MBA, in a statement. “The overall delinquency rate fell to pre-recession levels and, at 4.8 percent, was lower than the historical average of 5.4 percent for the time period [of] 1979 to 2015. The rate at which new foreclosures were started decreased to 0.36 percent, the lowest rate since 2003 and only one-fourth of the record high level during the worst of the foreclosure crisis in the third quarter of 2009.

“Mortgage performance is closely connected to job market health, and most states saw employment growth continue over the past year,” she adds. “However, there were increases in the foreclosure starts rate in a handful of states that have economies closely tied to the oil industry. Out of 12 states that had an increase in foreclosure starts in the fourth quarter, five of those were in states with oil-dependent local economies. Oklahoma, North Dakota, Louisiana, Colorado and Texas saw increases in new foreclosures while the national average continued to trend lower.”

http://mortgageorb.com/mba-mortgage-delinquency-rate-fell-to-4-77-in-q4

Nationstar Announces $150 Million Share Repurchase Program (12/17/15)

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”) announced today that its Board of Directors has approved the repurchase of up to $150 million of the company's common stock through December 16, 2016.

"We are pleased that Nationstar's strong balance sheet and cash flow enable us to return value to shareholders through share repurchases, while continuing to invest in internal and external opportunities that will drive long-term growth," said Jay Bray, President and Chief Executive Officer. "The Board of Directors and senior management team believe that the company's shares are an attractive investment opportunity and repurchasing stock is a part of our disciplined approach to capital allocation."

The repurchase program allows the company to repurchase its common stock using open market stock purchases or privately negotiated transactions. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, share price, trading volume and general market conditions, along with working capital requirements, general business conditions and other factors. The stock repurchase program may be suspended, modified or discontinued at any time at Nationstar's discretion. The company intends to finance the share repurchase program through cash on hand.

The company had approximately 109.8 million shares of common stock outstanding as of September 30, 2015.

About Nationstar

Based in Dallas, Texas, Nationstar earns fees through the delivery of quality servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available on the Shareholders section of www.nationstarmtg.com.

http://www.businesswire.com/news/home/20151217005256/en/Nationstar-Announces-150-Million-Share-Repurchase-Program

How come this is dropping. RE Sector is improving.

Jay Bray continues to be CEO.

Harold Lewis is retiring and will resign as President and Chief Operating Officer effective 5/31/15. Bray will have the additional title of President going forward.

David Hisey is leaving and will resign as Executive Vice President, Chief Strategy and External Affairs Officer effective at the close of business on 6/19/15.

CEO quit.

$NSM recent news/filings

bearish
gap down on earnings miss
http://www.forbes.com/sites/antoinegara/2015/05/05/mortgage-servicer-woes-hit-nationstar-stock-plunges-after-earnings-miss/

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$NSM DD Notes ~ http://www.ddnotesmaker.com/NSM

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/NSM/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/NSM/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=NSM+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=NSM+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=NSM+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/NSM/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/news - http://finance.yahoo.com/q/h?s=NSM+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/NSM/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/NSM/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/NSM/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/NSM/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/NSM/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/NSM/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/NSM/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=NSM+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/NSM
DTCC (dtcc.com): http://search2.dtcc.com/?q=Apple%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Apple%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Apple%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.apple.com/pr
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.apple.com/pr#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.apple.com/pr

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/NSM/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/NSM
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/NSM/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/NSM/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/NSM/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000320193&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/NSM/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/NSM/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=NSM&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=NSM
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=NSM+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=NSM+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=NSM
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=NSM
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=NSM+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/NSM/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=NSM+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/NSM.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=NSM
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/NSM/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/NSM/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/NSM/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/NSM/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/NSM
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/NSM
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/NSM:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=NSM
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=NSM
StockTwits (stocktwits.com): http://stocktwits.com/symbol/NSM

$NSM DD Notes ~ http://www.ddnotesmaker.com/NSM

Secondary issue priced at about $28.57.

NSM appears oversold.

If the underwriters fully exercise their 30 day option for additional an 2,625,000 shares, look for a quick rebound.

Nationstar Announces Pricing of Public Offering of Common Stock (3/25/15)

DALLAS--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE: NSM) (“Nationstar”), a leading residential mortgage services company, announced today the pricing of 17,500,000 shares of its common stock offered in an underwritten public offering for gross proceeds of approximately $500 million. Nationstar has granted the underwriters a 30 day option to purchase up to an additional 2,625,000 shares of its common stock. The underwriters may offer the shares from time to time for sale in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is expected to close on March 30, 2015, subject to customary closing conditions.

Subject to the successful completion of this offering, 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. These acquisitions are expected to include the acquisition of $60 billion unpaid principal balance of mortgage servicing rights in process or under letters of intent as of the date of the prospectus supplement, the consummation of which is subject to definitive documentation, regulatory approvals, and/or other customary conditions.

Citigroup, Barclays and J.P. Morgan are acting as the underwriters for the offering.

This press release does not constitute an offer to sell or solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or purchase would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Nationstar is making the offering pursuant to Nationstar’s Registration Statement on Form S-3 (No. 333-188872) previously filed by Nationstar with the Securities and Exchange Commission (the “Commission”). The Registration Statement is effective. Copies of the applicable prospectus supplement and accompanying prospectus relating to the offering may be obtained when available by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 800-831-9146, Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling 888-603-5847, or by email at barclaysprospectus@broadridge.com, J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attention: Prospectus Department, or by calling 866-803-9204, or by visiting the Commission’s website at http://www.sec.gov.

About Nationstar

Based in Dallas, Texas, Nationstar earns fees through the delivery of quality servicing, origination and transaction based services related principally to single-family residences throughout the United States.

http://www.businesswire.com/news/home/20150325005647/en/Nationstar-Announces-Pricing-Public-Offering-Common-Stock#.VRQpM4ktGUk

Ocwen Financial Intends to Sell Additional $25 Billion Portfolio of Mortgage Servicing Rights to Nationstar (3/24/15)

ATLANTA, March 24, 2015 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE:OCN) announced today that its subsidiary, Ocwen Loan Servicing, LLC ("Ocwen") and Nationstar Mortgage LLC, an indirectly-held, wholly-owned subsidiary of Nationstar Mortgage Holdings Inc. (NYSE:NSM) (collectively "Nationstar") have agreed in principle to the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 142,000 loans owned by Freddie Mac and Fannie Mae with a total principal balance of approximately $25 billion. Subject to a definitive agreement, approvals by Freddie Mac, Fannie Mae and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close before mid-year.

"This transaction, on top of the one announced in February between Ocwen and Nationstar, furthers our announced corporate strategy and demonstrates the strong working relationship we have developed with Nationstar," said Ron Faris, Chief Executive Officer of Ocwen.

"This transaction builds upon our strong track record of portfolio acquisitions while serving the needs of homeowners, and we look forward to expeditiously closing and boarding this portfolio," said Jay Bray, Chief Executive Officer of Nationstar. "We will continue to work cooperatively with Ocwen as they evaluate the sale of additional agency portfolios and look forward to continuing discussions with all counterparties."

About Ocwen Financial Corporation

Ocwen Financial Corporation is a financial services holding company which, through its subsidiaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, with offices throughout the United States and support operations in India and the Philippines. Utilizing proprietary technology, global infrastructure and superior training and processes, Ocwen provides solutions that help homeowners and make our clients' loans worth more. Ocwen may post information that is important to investors on its website (www.Ocwen.com).

About Nationstar

Based in Dallas, Texas, Nationstar earns fees through the delivery of quality servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available on the investors tab at www.nationstarmtg.com.

http://www.wsj.com/articles/PR-CO-20150324-905705

Ocwen Sells $45 Billion of Mortgage-Servicing Rights to J.P. Morgan (3/17/15)

Sale follows previous statements by Ocwen on plans to shrink the business

Ocwen Financial Corp. agreed to sell $45 billion of mortgage-servicing rights to J.P. Morgan Chase & Co., following through on previous statements that it planned to shrink the business, people with knowledge of the transaction said.

No sale price was disclosed but earlier this month Ocwen said in a statement that it was on track to sell mortgage servicing rights for loans with an unpaid balance of $55 billion, and that it already had an agreement to sell almost $10 billion of those rights to Nationstar Mortgage Holdings Inc.

Ocwen said earlier that the sale of the $55 billion in servicing rights would result in about $550 million in proceeds.

The sale was reported earlier Tuesday by Inside Mortgage Finance.

The acquisition of the $45 billion portfolio may indicate a reversal of J.P. Morgan’s strategy. Like other big banks, it had pulled back from the mortgage servicing industry due to increased regulatory scrutiny and costs, as well as new international rules that require banks to hold extra capital against those rights. Last year, James Dimon, the bank’s chief executive officer, told analysts, “If I had a choice, I would never be into bulk servicing again.”

A J.P. Morgan spokesman said the bank declined to comment about its stance on owning such rights.

For Ocwen, the deal continues its dramatic evolution into a much smaller firm.

Following a two-year investigation by New York state regulators of allegations that Ocwen was mishandling distressed borrowers, the firm agreed in December to a $150 million settlement and the appointment of a monitor to scrutinize its practices. Its executive chairman and largest shareholder, William Erbey, was also forced to resign.

The company said that it was also going to sell off the rights to service mortgages owned by the government-supported entities, Freddie Mac and Fannie Mae. The sale of the $55 billion in servicing rights involves such agency-owned mortgages, Ocwen said earlier.

In addition, an affiliated company, Home Loan Servicing Solutions Ltd., said in February it had agreed to be acquired by New Residential Investment Corp., an affiliate of Nationstar. And in recent months some large institutional investors have sought to have Ocwen removed as the servicer of some large portfolios in mortgage-backed securities, saying that it had performed poorly and had defaulted due to recent downgrades of its rating by credit-rating firms.

http://www.wsj.com/articles/ocwen-sells-45-million-of-mortgage-servicing-rights-to-j-p-morgan-1426630131

Selling MSRs is one thing.

Selling MSRs to NSM is another. It's a game changer.

This would like Ford selling out to GM.

Nationstar soars on Ocwen portfolio purchase (2/23/15)

http://seekingalpha.com/news/2316706-nationstar-soars-on-ocwen-portfolio-purchase

NSM closed at $27.93 on 2/20/15.

Ocwen Financial Intends to Sell $9.8 Billion Portfolio of Mortgage Servicing Rights to Nationstar (2/23/15)

ATLANTA, Feb. 23, 2015 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation(NYSE:OCN), announced today that its subsidiary, Ocwen Loan Servicing, LLC ("Ocwen") and Nationstar Mortgage LLC, an indirectly held, wholly owned, subsidiary of Nationstar Mortgage Holdings Inc. (NYSE:NSM) (collectively "Nationstar"), have signed an agreement in principle for the sale by Ocwen of residential mortgage servicing rights on a portfolio consisting of approximately 81,000 performing loans owned by Freddie Mac with a total principal balance of approximately $9.8 billion. Subject to a definitive agreement, approvals by Freddie Mac and FHFA and other customary conditions, Ocwen and Nationstar expect the transaction to close by March 31, 2015 and the loan servicing to transfer in April 2015.

"This transaction represents the first step in the execution of our previously-announced strategy to transfer certain types of non-strategic servicing," said Ronald M. Faris, Chief Executive Officer of Ocwen. "We look forward to exploring additional MSR transactions with Nationstar."

"We are pleased to enter into an agreement to acquire this portfolio from Ocwen," said Jay Bray, Chief Executive Officer of Nationstar. "We look forward to expeditiously closing this portfolio and welcome the new customers to Nationstar."

About Ocwen Financial Corporation

Ocwen Financial Corporation is a financial services holding company which, through its subsidiaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, with offices throughout the United States and support operations in India and the Philippines. Utilizing proprietary technology, global infrastructure and superior training and processes, Ocwen provides solutions that help homeowners and make our clients' loans worth more. Ocwen may post information that is important to investors on its website (www.Ocwen.com).

About Nationstar

Based in Dallas, Texas, Nationstar earns fees through the delivery of quality servicing, origination and transaction based services related principally to single-family residences throughout the United States. Additional corporate information is available on the investors tab at www.nationstarmtg.com.

http://www.nasdaq.com/press-release/ocwen-financial-intends-to-sell-98-billion-portfolio-of-mortgage-servicing-rights-to-nationstar-20150223-00269

Nationstar Mortgage Announces Fourth Quarter and Full Year 2013 Financial Results

February 27, 2014 07:00 AM Eastern Standard Time

LEWISVILLE, Texas--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE:NSM):

-2013 GAAP EPS of $2.40 on net income of $217 million
•2013 pro forma EPS of $3.20 on pro forma net income of $289 million
•Ending servicing portfolio UPB of $391 billion
•2013 servicing portfolio growth of 88% with successful completion of BofA boarding
•Q4 2013 servicing operating profitability exceeded 6 basis points
•Originations: Funded volume of $24 billion in 2013; Year-over-year growth of 204%
•Solutionstar: $185 million and $67 million in revenue and pretax income, respectively in its first full year
•2013 return on equity of 25%

Nationstar Mortgage Holdings Inc. (NYSE:NSM) (“Nationstar”), a leading residential mortgage loan servicer, today reported that net income for the year ended December 31, 2013 increased 6% to $217 million, or $2.40 per share, from $205 million in 2012, or $2.40 per share. The net loss in the fourth quarter 2013 was $51 million, or $(0.56) per share compared to net income of $64 million, or $0.71 per share, in the fourth quarter 2012.

[....]

http://www.businesswire.com/news/home/20140227005657/en/Nationstar-Mortgage-Announces-Fourth-Quarter%C2%A0and-Full-Year#.Uw9BZ62YaUk

Marker: (mid-day)
Nationstar Mortgage (NSM)
$28.205 down -0.635 (-2.20%)
Volume: 1,315,663

Mortgage Servicing Rights (MSRs)

I'd like more information on MSRs and their impact on future earnings. For instance, if a company discounts their MSRs by 10.5%, is this essentially an estimate of cash flow for the next 30 years that ends with a $0 residual value?

It seems to me that after 7 years, the MSR has paid for it's initial cost.

Nationstar Mortgage (NSM)
$41.97 up 1.49 (3.68%)
Volume: 833,948

*NSM is making up chunks of ground for that knee-jerk sell off to $39.75 one month ago.

Any idea why the stock took such a beating after this previous earnings report? I haven't had time to closely examine the situation yet but thought i'd ask in advance.