real-time news and commentary for investors
Thursday, Nov 8
2012, 8:23 AM
Recently ravaged Nationstar Mortgage (NSM) is upgraded to Sterne Agee's Catalyst Buy...
Recently ravaged Nationstar Mortgage (NSM) is upgraded to Sterne Agee's Catalyst Buy list on expectations of a possible sale of a large servicing block by BofA. "Another large trophy portfolio up for sale this soon would come as a surprise to investors." JPMorgan's purchase of MetLife's servicing portfolio last week set about a brutal sell-off in the specialty servicer sector as it had been assumed banks were getting out of the business. NSM +1.2% premarket.