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This just in: In a solid environment for real estate, mortgage servicing is a good business....

This just in: In a solid environment for real estate, mortgage servicing is a good business. Nationstar Mortgage (NSM) is now +19.6% premarket on its acquisition of $215B in MSRs from Bank of America. The company also gained 6% late Friday on rumor of the deal. Walter Investment (WAC) - which got a $93B slice of the BofA sale - +4.5% premarket after a 4.4% jump on Friday.
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5444) | Send Message
     
    (NCT) is about 15% of my holdings. Don't know if I want more exposure, but (NSM) is on my watch list.
    7 Jan 2013, 11:56 AM Reply Like
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