Nationstar Buys $10.4B Home Mortgage Loan Pool From BofA

Law360, New York (June 5, 2012, 6:33 PM EDT) -- Texas mortgage servicing giant Nationstar Mortgage Holdings Inc. has agreed to acquire some $10.4 billion in residential mortgage servicing rights from Bank of America Corp. as it continues to gobble up mortgage servicing rights from big banks, Nationstar said Tuesday.

Nationstar, the largest nonbank mortgage servicer in the U.S., said wholly owned subsidiary Nationstar Mortgage LLC will purchase the residential mortgage servicing rights from Bank of America NA, the banking arm of the global financial services giant. The mortgage servicer said the pool includes mortgage loans...
To view the full article, register now.