twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/

Wholesale Lending News | Directory | P r i cing Engine | Originator Newsletter
News about wholesale lenders, correspondent lenders and wholesale mortgage lending programs. Alt-A, subprime and other niche loan programs. Lawsuits between wholesalers and brokers.



Nationstar Exiting Wholesale Lending

Sale of unit announced

Nov. 7, 2013

By Mortgage Daily staff

Nationstar Mortgage Holdings Inc. is unloading its wholesale lending business. But mortgage brokers will still have access to the unit.

Out of the $10.5 billion originated by subsidiary Nationstar Mortgage LLC during the first half of this year, $3.26 billion was generated through the wholesale channel.

But the Lewisville, Texas-based company is narrowing its focus on mortgage production to the consumer direct and correspondent lending channels.

So it has agreed to sell the wholesale business to Stonegate Mortgage Corp., according to an announcement Thursday.

Indianapolis-based Stonegate said that it has entered into a binding letter of intent to acquire Nationstar's wholesale lending channel. The deal also calls for Stonegate to purchase certain distributed retail assets of Nationstar.

Some of Nationstar's wholesale lending employees will be offered employment at Stonegate.

Wholesale originations at Stonegate accounted for $0.8 billion of its $4.0 billion in total production during the first six months of 2013.

"This acquisition enables us to further drive retail originations and serve an even larger group of mortgage brokers through our wholesale channel," Stonegate Chief Executive Officer Jim Cutillo said in the announcement.

Stonegate completed an initial public offering last month that was expected to generate at least $136 million, and Cutillo noted in today's statement that the Nationstar transaction "is one of a number of key initiatives that will help drive near and long-term shareholder value."

Nationstar CEO Jay Bray was quoted in Thursday's announcement as saying, "The transaction also fits well within Nationstar's strategic focus on servicing, Solutionstar, consumer direct originations and correspondent."

Stonegate Mortgage profile | Nationstar Mortgage profile

next story

back to current headlines


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.


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



Logout forgot
password?

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

MBS

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