The firm said that the proposed servicing portfolio includes entirely of loans in government-sponsored enterprise pools.
Nationstar will fund a portion of the MSR purchase price with the proceeds of a 65% co-investment by Newcastle Investment and hopes that the loans will be transfered from BANA in July 2012.
Nationstar services more than 635,000 residential mortgages totaling nearly $103bn in unpaid principal balance as well as manages an integrated loan origination platform, offering it to both mitigate its servicing portfolio run-off and improve credit performance for loan investors.
