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dixiegrrrrl

(60,010 posts)
5. and Nationstar is owned by
Mon Jan 7, 2013, 02:44 PM
Jan 2013

Newcastle which is owned by Fortress Investment grp.

"The servicer, majority owned by Fortress Investment Group LLC, surged 17 percent to $39 as of 9:32 a.m. in New York. The company has risen from $14 since the initial public offering.

Nationstar is paying $1.3 billion and will more than double its customer base to 2.5 million, the Lewisville, Texas-based company said today in a statement. The firm is battling with Ocwen Financial Corp. and Walter Investment Management Corp. (WAC) to snap up mortgage servicing rights as they wager they can profit as banks retreat because of new regulations that are driving up costs. "

http://www.bloomberg.com/news/2013-01-07/nationstar-surges-on-215-billion-bofa-mortgage-deal.html

Fortress is owned by former Goldman Sachs, Blackrock and USB honchos.
http://en.wikipedia.org/wiki/Fortress_Investment_Group

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