News Breaks |
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| March 19, 2013 |
| 13:54 EDT |  | NSM | Nationstar pullback in shares overdone, says Wells Fargo
Wells Fargo attributes the pullback in shares of Nationstar to portfolio run-off concerns following a report from a competitor. Wells views the sell-off as overdone and keeps an Outperform rating on the stock. |
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News For NSM From The Last 14 Days Check below for free stories on NSM the last two weeks. |
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| May 7, 2013 |
| 09:17 EDT |  | NSM | On The Fly: Pre-market Movers
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| 09:00 EDT |  | NSM | Nationstar rises 6.7%
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| 07:49 EDT |  | NSM | Nationstar raises FY14 EPS view to $6.45-$7.50, consensus $6.11
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| 07:48 EDT | | NSM | Nationstar raises FY13 EPS view to $4.05-$4.75, consensus $4.14
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| 07:46 EDT | | NSM | Nationstar acquires mortgage origination business of Greenlight Financial
Nationstar entered into a definitive agreement to acquire the mortgage origination business of Greenlight Financial Services for up to $75M in cash in May, the company announced. The acquisition price represents a 1.2x and 0.7x multiple, respectively, on Greenlight’s estimated full year 2013 net income and 2013 AEBITDA. The acquisition is expected to close in the second quarter and to be immediately accretive. Greenlight utilizes a high-volume, rapid turn time funding model and the acquisition will further diversify Nationstar’s origination channels and add a low-cost, profitable source for servicing asset creation, while also providing additional capacity for HARP and recapture loans. Nationstar expects Greenlight to originate in excess of $8B annually. |
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| 07:44 EDT | | NSM | Nationstar reports Q1 pro forma EPS 85c, consensus 73c
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| May 6, 2013 |
| 11:58 EDT |  | NSM | High option volume stocks: NRGY RENN NSM MMM HRL
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