Nationstar closes on $16 billion in Aurora servicing

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Under the ResCap Purchase Agreement, we agreed to purchase the rights to service residential mortgage loans with an aggregate UPB of approximately $371 billion, including MSRs for residential mortgage loans with an aggregate UPB of approximately $196 billion and subservicing contracts for residential mortgage loans with an aggregate UPB of approximately $174 billion, and approximately $1.8 billion of related servicing advance receivables, each as measured as of March 31, 2012.

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Nationstar Mortgage LLC seized a deal recently with Aurora Bank, formerly Lehman Brothers Bancorp, for a handover of $63 billion in residential mortgage servicing rights.

Pursuant to the Aurora Purchase Agreement, we purchased the mortgage servicing rights (“MSRs”) to approximately 300,000 residential mortgage loans with a total unpaid principal balance (“UPB”) of approximately $63.7 billion, as measured as of May 31, 2012, $1.7 billion of servicing advance receivables, as measured as of May 31, 2012.

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 · ”The closing of the Aurora acquisition represents another exciting milestone in Nationstar’s history and adds to our track record of successfully integrating servicing portfolios,” said.

The Round Rock, Texas, company could sell $16 billion or more of secured bonds as early as Tuesday, said people familiar with the plans, which will help fund its acquisition of storage company EMC.

 · Update: Nationstar Mortgage Holdings Q3 2014 Earnings.. During the quarter they entered into commitments to acquire $43 billion in servicing acquisitions and closed $16 billion.

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NATIONSTAR! THE NEXT BIG REO COMPANY – APPLY TODAY! It’s official. Nationstar is on the move. They will soon become the largest non-bank servicer in the U.S. On June 15, Nationstar closed on a deal to buy .1 billion in servicing rights previously owned by Aurora Bank (Housingwire). Earlier..

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Nationstar Mortgage Completes Acquisition of Servicing Assets of Aurora Bank. The composition of the Aurora portfolio is approximately 75% non-conforming loans in private label securitizations and approximately 25% conforming loans in GSE pools. With this acquisition Nationstar has grown its servicing book to approximately $177 billion,