Seeking Alpha

Nationstar Mortgage next up for Lawsky

  • NY Dept. of Financial Services boss Ben Lawsky has reportedly sent a letter to Nationstar Mortgage (NSM -3.2%) with questions about the company's servicing practices and capacity issues.
  • Still enjoying a rally started late yesterday on a report of the laying off of at least 50 employees (maybe to move their jobs overseas), the stock has reversed to turn sharply lower.
  • Ocwen Financial has made a number of headlines for being on Lawsky's radar this year, and it was only a matter of time until Nationstar showed up.
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Comments (1)
  • loucaserin
    , contributor
    Comments (27) | Send Message
     
    this lawsky is acting like a new sheriff....no basis for any probes. he like being on cnbc,,,great buy of these servicers,,,after he tanks them...
    10 Mar 2014, 10:18 AM Reply Like
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