Mortgage Daily Logo

Nationstar Production Doubles, Projected to Double Again

Mortgage News

Nationstar Mortgage Holdings Inc. funded twice as much in mortgage volume last year than it did in 2011, and this year’s production is projected to double again. The company’s mortgage servicing portfolio is on a similar trajectory. Nationstar now provides appraisal and closing services.

From Oct. 1, 2012, through Dec. 31, 2012, the Lewisville, Texas-based firm originated $3.081 billion in residential loans, according to fourth-quarter earnings data reported Thursday.

Business jumped from the third quarter, when mortgage production amounted to $1.82 billion. An even bigger increase in new loan fundings was recorded from the fourth-quarter 2011, when Nationstar originated $1.1 billion in home loans.

Correspondent mortgage production accounted for 18 percent of volume during the final three months of 2012.

Full-year mortgage originations totaled $7.9 billion, more than doubling the $3.4 billion in production during all of 2011.

This year’s mortgage production is expected to exceed $16 billion, according to an investor presentation.

The mortgage servicing portfolio finished 2012 at 1.1 million loans for $208 billion, increasing from $197.6 billion at the end of September.

The servicing portfolio exceeded 645,000 residential loans for $106.6 billion as of Dec. 31, 2011.

The earnings report indicated that the portfolio has climbed past $300 billion as of Feb. 13, 2013.

After completing the pending acquisition of mortgage servicing rights on $215 billion in loans from Bank of America, the pro-forma servicing portfolio will be more than 2.5 million loans with an aggregate principal balance of $423 billion.

In an investor phone call, Nationstar Chief Executive Officer Jay Bray said that the servicing portfolio could exceed $500 billion by the end of this year.

An investor presentation indicates that the bulk pipeline is $300 billion, while around $2 trillion in servicing portfolios have transfer potential. Nationstar is targeting between $25 billion and $50 billion in annual flow servicing.

Mortgages held for investment were mostly unchanged from Sept. 30 at $0.239 billion as of Dec. 31 but have been trimmed from $0.243 billion at the end of 2011.

Delinquency of at least 60 days was 15.3 percent at the end of 2012, worsening from 15.1 percent at the end of September. Nationstar blamed the deterioration on fourth-quarter boardings of higher delinquency portfolios.

Income before taxes climbed to $94 million from the third quarter’s $80 million and from $15 million in the same period last year.

Staffing was reported at more than 4,900 employees as of the announcement date. Mortgage Daily estimates that Nationstar finished 2012 with 4,700 employees.

Headcount grew from 4,100 people at the end of the third quarter and 2,599 at the end of 2011.

Nationstar announced the acquisition of Equifax Settlement Services on Feb. 7 and re-branded it Solutionstar Settlement Services. The new unit provides appraisal, title and closing services.

Related Posts

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

There is No Such Thing as a Free House …

Over the past several years, those who service loans in the State of Washington(1) have seen a dramatic rise in the number of lawsuits in which delinquent borrowers seek to quiet title to their homes on the grounds that lenders are barred from foreclosing based on...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Mortgage Servicer Portfolios

servicing news | mortgages outstanding statistics | foreclosure news   Servicing Portfolios as of 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 Residential Servicing Portfolios by Servicer Last Updated December 14, 2018...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Fannie Mae Profile

Last Updated December 27, 2018 7:38 PM Central   full list | other directories | bank search | SEC filings | execs | m&a | production   Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move --...

NewDay USA CEO Rob Posner Expects 10% Increase in 2019 Mortgage Loan Volume

Freddie Mac Profile

Government Takes Over Fannie, Freddie Sept. 8, 2008 The government has seized control of Fannie Mae and Freddie Mac. The move -- which is likely to push mortgage rates lower and provide a sense of stability for the more than 10,000 employees at both companies -- is a...

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...

Newsletter

Don’t worry, we don’t spam