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Nationstar Mortgage (NSM +9.1%) soars following earnings as management expresses confidence it...

Nationstar Mortgage (NSM +9.1%) soars following earnings as management expresses confidence it will win the battle for ResCap's servicing portfolio (at a reasonable price). The ResCap acquisition would about triple Nationstar's UPB (unpaid portfolio balance) to $550B. Key dates: Bids submitted by mid-October, auction commences Oct. 23, sale approved by court mid-November, regulatory approval by year's end, and closing in January 2013. Woe to NSM if it doesn't win.

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Comments (1)
  • spald_fr
    , contributor
    Comments (2804) | Send Message
     
    Comment number one, directly above, is a non sequitur. As I understand it, teabagging is a homoerotic exercise and has nothing to do with intercourse. What am I missing here?
    14 Aug 2012, 11:41 PM Reply Like
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