Key Developments: Nationstar Mortgage Holdings Inc (NSM)
45.38USD
21 May 2013
$-0.23 (-0.50%)
$45.32
$45.71
$46.24
$45.03
907,473
1,145,293
$46.91
$16.07
Latest Key Developments (Source: Significant Developments)
Nationstar Mortgage Holdings Inc Raises FY 2013, 2014 EPS Guidance
Nationstar Mortgage Holdings Inc announced that for fiscal 2013, it expects earnings per share of between $4.05 and $4.75. For fiscal 2014, it expects earnings per share of between $6.45 and $7.50. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $4.14 for fiscal 2013; EPS of $6.11 for fiscal 2014. Full Article
Nationstar Mortgage Holdings Inc Announces Pricing of $200 Million of Senior Notes due 2021
Nationstar Mortgage Holdings Inc announced the pricing of $200 million aggregate principal amount of 6.500% Senior Notes due 2021 (the Additional Notes) offered by its wholly-owned subsidiaries Nationstar Mortgage LLC (the Company) and Nationstar Capital Corporation, which was upsized due to demand from its original $150 million launch. The Additional Notes are a follow-on issue to the Issuers` $400 million aggregate principal amount of 6.500% Senior Notes due 2021 issued on February 7, 2013 and form a single series of debt securities with the Existing Notes. The Additional Notes will be issued in a private placement at an offering price of 103.250%, have an effective yield of 5.828% and carry a coupon of 6.500% per annum, payable semi-annually in arrears, beginning July 1, 2013. The offering is expected to close on March 26, 2013. The Additional Notes will be unsecured and will be guaranteed on a senior basis by Nationstar, Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the Company`s wholly-owned subsidiaries. The Issuers will use the net proceeds from this offering for general corporate purposes, which may include future acquisitions and transfers of servicing portfolios, including, but not limited to, the acquisition of certain residential mortgage servicing assets from Bank of America, National Association, and/or related businesses from third parties, including, but not limited to, from one or more affiliates of the initial purchasers in this offering. Full Article
Nationstar Mortgage Holdings Inc Proposes Offering Of $150 Million Senior Notes
Nationstar Mortgage Holdings Inc announced that wholly owned subsidiaries Nationstar Mortgage LLC and Nationstar Capital Corporation (together with the Company, the Issuers) intend to sell, $150,000,000 aggregate principal amount of 6.500% Senior Notes due 2021 (the Additional Notes) in a private placement. The Additional Notes are a follow-on issue to the Issuers' $400,000,000 aggregate principal amount of 6.500% Senior Notes due 2021 issued on February 7, 2013 (the Existing Notes) and will form a single series of debt securities with the Existing Notes. The Additional Notes will be unsecured and will be guaranteed on a senior basis by Nationstar, Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the Company's wholly-owned subsidiaries. The Issuers will use the net proceeds from this offering for general corporate purposes, which may include future acquisitions and transfers of servicing portfolios, including, but not limited to, the acquisition of certain residential mortgage servicing assets from Bank of America, National Association, and/or related businesses from third parties, including, but not limited to, from one or more affiliates of the initial purchasers in this offering. Full Article
Nationstar Mortgage Holdings Inc Announces Acquisition Of Equifax Settlement Services Holding, LLC (ESS) From Equifax Inc
Nationstar Mortgage Holdings Inc announced that it acquired Equifax Settlement Services Holding, LLC (ESS) from Equifax Inc on February 6, 2013. ESS is a provider of appraisal, title insurance and settlement services in the United States and serves a broad array of blue chip clients, including the largest financial institutions in the country. Nationstar intends to combine ESS with its Solutionstar platform and rebrand ESS as Solutionstar Settlement Services. Full Article
Nationstar Mortgage Holdings Inc's Subsidiary Announces Pricing Of $400 Million Of Senior Notes Due 2021
Nationstar Mortgage Holdings Inc announced the pricing of $400,000,000 aggregate principal amount of 6.500% Senior Notes due 2021 (the Notes) offered by its wholly-owned subsidiaries Nationstar Mortgage LLC (the Company) and Nationstar Capital Corporation (together with the Company, the Issuers). The Notes will be issued in a private placement and carry a coupon of 6.500% per annum, payable semi-annually in arrears, beginning July 1, 2013. The offering is expected to close on February 7, 2013. The Notes will be unsecured and will be guaranteed on a senior basis by Nationstar, Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the Company`s wholly-owned subsidiaries. The Issuers will use the net proceeds from this offering for general corporate purposes, which may include future acquisitions and transfers of servicing portfolios, including, but not limited to, the acquisition of certain residential mortgage servicing assets from Bank of America, National Association, and/or related businesses from third parties, including, but not limited to, from one or more affiliates of the initial purchasers in this offering. Full Article
Nationstar Mortgage Holdings Inc's Subsidiary Proposes $400 Million Of Senior Notes
Nationstar Mortgage Holdings Inc announced that wholly owned subsidiaries Nationstar Mortgage LLC and Nationstar Capital Corporation (together with the Company, the Issuers) intend to sell, $400,000,000 aggregate principal amount of Senior Notes due 2021 in a private placement. The Notes will be unsecured and will be guaranteed on a senior basis by Nationstar, Nationstar Sub1 LLC, Nationstar Sub2 LLC and certain of the Company's wholly owned subsidiaries. The Issuers will use the net proceeds from this offering for general corporate purposes, which may include future acquisitions and transfers of servicing portfolios, including, but not limited to, the acquisition of certain residential mortgage servicing assets from Bank of America, National Association, and/or related businesses from third parties, including, but not limited to, from one or more affiliates of the initial purchasers in this offering. Full Article
Nationstar Mortgage Holdings Inc Announces Pricing Of $300 Million Servicer Advance Receivables Securitization
Nationstar Mortgage Holdings Inc announced the pricing of $300 million in asset-backed term notes to be issued by Nationstar Agency Advance Funding Trust (the Issuer). The issuance and sale of the Notes is subject to customary closing conditions and is expected to close on January 31, 2013. The Notes carry a weighted average fixed interest rate of 1.46% and a weighted average term of 3.0 years. The Notes will replace $300 million in existing Agency servicing advance facilities that carried a weighted average floating rate of Libor plus 2.86%, or 3.10% in total, resulting in a reduction in rate of 1.65% as of January 24, 2013. Additionally, the effective advance rate of the new facility will be approximately 94%, an increase over the effective advance rate on the facilities being replaced. Nationstar is developing a programmatic Term Asset-Backed Security (ABS) issuance program which will allow it to efficiently finance current and future acquisitions of Agency and non-Agency servicing advance assets. Barclays Capital Inc. acted as the lead manager for the offering. Wells Fargo Securities, LLC, Credit Suisse Securities (USA), LLC, and RBS Securities, Inc. acted as co-managers for the offering. Full Article
KB Home Enters Into Agreement With Nationstar Mortgage Holdings Inc's Nationstar Mortgage LLC
KB Home announced that it has entered into an agreement with Nationstar Mortgage LLC, its current preferred mortgage lender and the principal operating subsidiary of Nationstar Mortgage Holdings Inc., to form Home Community Mortgage, LLC, a limited liability company that will offer an array of mortgage banking services to KB Home customers. Full Article
Nationstar Mortgage Holdings Inc Issues FY 2013, 2014 Earnings Guidance-Conference Call
Nationstar Mortgage Holdings Inc announced that for fiscal 2013, it expects net income between $335-395 million and earnings per share of between $3.70 and $4.35. For fiscal 2014, it expects net income between $510-$590 million and earnings per share of between $5.60 and $6.50. Full Article
Nationstar Mortgage Holdings Inc's Subsidiary Announces Agreement To Acquire Mortgage Servicing Assets From Bank of America Corp
Nationstar Mortgage Holdings Inc announced that Nationstar Mortgage LLC, a wholly owned subsidiary, has signed a definitive agreement to acquire approximately $215 billion in residential mortgage servicing rights (MSRs), as measured by unpaid principal balance (UPB) as of November 30, 2012, and certain other assets from Bank of America. Nationstar will fund approximately $680 million of the MSR purchase price with the proceeds of a co-investment by Newcastle Investment Corp. (Newcastle) and Fortress-managed funds, similar in structure to previous transactions. Nationstar will fund $665 million portion of the MSR acquisition price with investable cash. Full Article
BRIEF-Nationstar Mortgage shares up following results
NEW YORK, May 7 - Nationstar Mortgage Holdings Inc : * Shares up 6.7 percent in premarket trade following results
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