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Nationstar (NSM) is upgraded to Buy at Sterne Agee. No details are yet available, but the...

Nationstar (NSM) is upgraded to Buy at Sterne Agee. No details are yet available, but the analysts no doubt like the company's purchase of $215B in MSRs from BofA. The stock has rallied more than 20% on that news. Tip: The upgrade is supposed to come before, not after. In a filing, Nationstar says it paid about $1.3B for the deal, more than half of which will be funded through the sale of Excess MSRs to Newcastle (NCT).
Comments (1)
  • Michael Bryant
    , contributor
    Comments (5707) | Send Message
     
    (NSM) has a 42% short interest.
    11 Jan 2013, 12:44 PM Reply Like
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