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Nationstar Mortgage (NSM -9.6%) plummets as Berkshire Hathaway (BRK.B) emerges as the...

Nationstar Mortgage (NSM -9.6%) plummets as Berkshire Hathaway (BRK.B) emerges as the front-runner in the battle to buy not just ResCap's mortgage portfolio, but its entire operation, reports the NYPost. Nationstar - the mortgage arm of hedge fund giant Wesley Eden - had originally hoped to get all and then at least part of the package.
Comments (2)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    How does this affect NCT?
    24 Jul 2012, 02:01 PM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (546) | Send Message
     
    NCT is a subsidiary of FIG which is also involved in the bidding process. NCT is also a partner of NSM in other servicing deals.
    24 Jul 2012, 03:42 PM Reply Like
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