twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Record Originations, Earnings at Nationstar

Q2 mortgage production up 109% from Q1

Aug. 6, 2013

By Mortgage Daily staff

Nationstar Mortgage Holdings Inc. reported record mortgage originations and record earnings. Growth slowed, however, for the mortgage servicing portfolio -- which came in more than $100 billion less than Nationstar expected three months ago.

Nationstar funded $7.1 billion in home loans during the second quarter, earnings data released Tuesday indicate. The latest activity was an all-time record.

Business more than doubled from the first quarter, when $3.4 billion was originated.

In the same three months last year, residential loan production was more than 8,300 loans for $1.8 billion.

The most-recent total reflected $1.5 billion in correspondent volume, surging from just $0.3 billion three months earlier.

Loan originations generated through the Home Affordable Refinance Program were $2.7 billion, up from $1.8 billion in the prior period. Nationstar estimates it has another $45 billion in HARP potential in its servicing portfolio.

The application pipeline finished June at $12.2 billion, leaping 56 percent from the prior period. The locked pipeline jumped more than a third to $8.6 billion.

Annual production is projected to reach $23 billion this year and $31 billion in 2014.

Despite Nationstar's projection in its first-quarter earnings report that second-quarter acquisitions of mortgage servicing rights would bring the servicing portfolio to around $435 billion -- the portfolio finished June at just $318 billion.

Three months earlier, the Lewisville, Texas-based firm serviced $312 billion.

The mortgage servicing portfolio was $193 billion as of June 30, 2012.

Nationstar disclosed that it closed on the acquisition of MSRs on $47 billion in loans during July, and the rest of its MSRs under contract are expected to close later this year.

"Nationstar's pipeline of bulk MSR purchase opportunities is currently in excess of $400 billion in aggregate UPB," the report stated. "Nationstar has executed on flow agreements that are expected to produce $20 billion of UPB in annual volume, with flow servicing annual potential in excess of $55 billion of UPB as the program grows with additional clients."

As of June 30, there were $0.257 billion in mortgages held for investment that are subject to non-recourse debt. The total inched up from $0.236 billion at the end of March and $0.238 billion one year prior.

Delinquency of at least 60 days tumbled to 11.8 percent from 13.8 percent in the first quarter.

Income before taxes rose to $199 million from $101 million and was only $49 million in the year-earlier period.

After-tax income of $123 million was a record.

Headcount climbed to 7,700 employees as of July 31 from 5,400 at the close of the first quarter. At the same point in 2012, the lender employed 3,500 people.

Nationstar Mortgage profile

next story

back to current headlines

Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Mortgage Employment News | Employment Index | Employment Statistics
Job additions, layoffs and employment lawsuits. Employment data from the Department of Labor, state tracking, reports and analysis. Job finding tips.

The Mortgage Graveyard
Failed, closed and a c q u i r e d mortgage-related entities.

Secondary Marketing News | Correspondent Lender Directory
Mortgage portfolio trades and forward commitments. Correspondent lending, r e p u r c h a s e s and warehouse news. Secondary marketing statistics and lawsuits.

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders