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Nationstar Mortgage (NSM +3%) continues to fly higher, suggesting speculation it may not win the...

Nationstar Mortgage (NSM +3%) continues to fly higher, suggesting speculation it may not win the bidding for ResCap's servicing assets (or be forced to pay too high of a price) is just that. Nationstar has quickly raised $400M in two separate offerings over the past two weeks, apparently believing it is about to make a big acquisition. If it doesn't win, look out below.
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  • irongate
    , contributor
    Comments (31) | Send Message
     
    agree on the look out below comment... but any drop with a 20 handle on it will be a good buy. rescap or no rescap.. the secular trend is in place and the few names in this space will prosper.. HLSS OCN NCT NSM WAC
    1 Oct 2012, 10:33 PM Reply Like
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