NSM
Nationstar Mortgage HoldingsNYSE
1d
5d
1m
6m
1y
5y
10y
Advanced Chart
  • Wed, Nov. 2, 8:02 AM
    • Q3 Servicing Segment adjusted pretax income of $39M or four basis points vs. $73M and 7.8 basis points in Q2. Nationstar (NYSE:NSM) removes the impact of fair value marks to the servicing portfolio when calculating adjusted income. Those marks cost $231M in Q2 and $8M in Q3. Ending UPB of $453B (highest in company history) up from $369B in Q2. Company expects UPB to rise in 2017.
    • Originations Segment adjusted pretax income of $85M up from $54M in Q2; margin of 38% up from 29%. Total funded volume of $5.5B vs. $5.2B.
    • Xome Segment adjusted pretax income of $20M vs. $28M in Q2. Properties sold of 4,061 vs. 5,406. REO inventory of 5,284 vs. 5,972.
    • Conference call at 9 ET
    • Previously: Nationstar beats by $0.10, misses on revenue (Nov. 2)
    • NSM flat premarket
    | Wed, Nov. 2, 8:02 AM
  • Wed, Nov. 2, 7:10 AM
    • Nationstar (NYSE:NSM): Q3 EPS of $0.52 beats by $0.10.
    • Revenue of $542M (-12.8% Y/Y) misses by $7.9M.
    • Press Release
    | Wed, Nov. 2, 7:10 AM | 1 Comment
  • Tue, Nov. 1, 5:30 PM
  • Mon, Oct. 17, 2:36 PM
    • "After 18 months of intense corporate challenges caused by their prior rapid growth, regulatory fines and sanctions, and spillover from what I consider bad behavior from a conflicted lobby group, Ocwen (NYSE:OCN) has now turned the corner and is on road profitability," writes John Devaney updating his bull thesis on the company in a sizable report, which also touches on other industry participants like ASPS, NRZ, NSM, WAC, and PHH.
    • "The past four months have seen a series of meaningful events that have greatly de-risked the company and added credibility to the management and the company’s reputation."
    • The stock represents deep value, says Devaney, noting tangible book value north of $10 per share, a stock price of just $3.60, and possibly $1 per share in earnings next year. He's got a price target of $6.75 by year-end 2017.
    | Mon, Oct. 17, 2:36 PM | 20 Comments
  • Wed, Aug. 3, 1:00 PM
    | Wed, Aug. 3, 1:00 PM
  • Wed, Aug. 3, 7:47 AM
    • Q2 adjusted earnings of $52M or $0.52 per share vs. $28M and $0.27 in Q1. Adjusted earnings exclude a $1.38 per share hit from changes in fair value of the servicing portfolio (thanks to the big drop in interest rates).
    • Servicing segment adjusted pretax income of $64M, or 6.8 basis points vs. $49B and five basis points. UPB of $378B. Company continues to expect to exceed five bps for the whole year. Annualized CPR, net of recapture of 14.2% up from 10.9% in Q1. Company expects to board $105B of assets in Q3 mostly thanks to Seneca and USAA deals, another $25B in Q4, and $55B next year.
    • Originations segment adjusted pretax income of $54M vs. $40M in Q1. Funded volume of $5.2B up from $4.2B.
    • Xome segment pretax income of $28M up from $11M in Q1. Properties sold of 5,406 vs. 4,165.
    • Conference call at 9 ET
    • Previously: Nationstar beats by $0.09 (Aug. 3)
    • NSM flat premarket
    | Wed, Aug. 3, 7:47 AM
  • Wed, Aug. 3, 6:57 AM
    • Nationstar (NYSE:NSM): Q2 EPS of $0.52 beats by $0.09.
    • Revenue of $339M (+28.4% Q/Q)
    • Press Release
    | Wed, Aug. 3, 6:57 AM
  • Tue, Aug. 2, 5:30 PM
  • Wed, Jun. 15, 11:27 AM
    • Some possible thawing is spotted in the deal flow at the left-for-dead non-bank servicers as Nationstar Mortgage (NSM +5.9%) wins $50B in subservicing business from Seneca Mortgage Servicing.
    • Ocwen Financial (OCN +4.9%), Walter Investment (WAC +5.9%).
    • Also on the move is New Residential (NRZ +1.1%).
    | Wed, Jun. 15, 11:27 AM | 16 Comments
  • Wed, Jun. 15, 7:20 AM
    • The company has been selected by Seneca Mortgage Servicing s the subservicer for existing and future acquisitions of MSRs held by Seneca.
    • Seneca currently owns about $50B in MSRs composed mostly of GSE-backed residential mortgages.
    • As part of the deal, Nationstar (NYSE:NSM) will expand its northeast presence as it takes over Seneca's existing location, including many of the company's employees.
    | Wed, Jun. 15, 7:20 AM
  • Wed, May 4, 7:45 AM
    • Q1 adjusted earnings of $28M or $0.27 per share vs. $34M and $0.32 in Q4. Last quarter's results were impacted by an $8M positive impact from the buyback of debt. Company had GAAP net loss of $132M or $1.28 per share thanks to a big markdown in fair value of the MSR portfolio as interest rates fell sharply.
    • Servicing Segment adjusted pretax income of $49M or five basis points on average UPB of $392B; compares to $51M and 5.1 bps in Q4. Company expects to exceed five bps for all 2016.
    • Originations Segment adjusted pretax income of $40M vs. $43M in Q4. Funded volume of $4.2B up 5% Q/Q.
    • Xome pretax income of $11M vs. $6M in Q4. Company expects big margin improvements into Q2 thanks to progress on property disposition and title operations.
    • Conference call at 9 ET
    • Previously: Nationstar reports Q1 results (May 4)
    • NSM flat premarket
    | Wed, May 4, 7:45 AM
  • Wed, May 4, 6:55 AM
    • Nationstar (NYSE:NSM): Q1 EPS of $0.27
    • Revenue of $421.48M (+1.2% Y/Y)
    | Wed, May 4, 6:55 AM
  • Wed, Mar. 30, 4:42 PM
    • According to the OCC Mortgage Metrics Report, the reporting banks (BofA, JPM, CIT, Citibank, HSBC, PNC, U.S. Bank, and Wells Fargo) were servicing at year-end 21.5M first-lien mortgages totaling $3.7T in UPB - down a full 14% from two years earlier. It also represents just 41% of all first-lien mortgage debt in the U.S.
    • Though the size is shrinking, quality is improving, with 94.1% of the mortgages in the portfolio current vs. 93.9% a quarter earlier. Loss mitigation plunged, with 35.1K mortgage mods in Q4 vs. 47.6K a year earlier.
    • Among those watching with interest: Ocwen Financial (NYSE:OCN), Nationstar Mortgage (NYSE:NSM), Walter Investment (NYSE:WAC).
    | Wed, Mar. 30, 4:42 PM | 13 Comments
  • Mon, Mar. 28, 5:14 PM
    • These are stocks rated Outperform by Credit Suisse in which the bank's price target differs greatly from Street consensus.
    • Agios Pharmaceuticals (NASDAQ:AGIO) has a PT of $66 at CS vs. the Street at $52.40 and current price of $37.91. Autodesk (NASDAQ:ADSK) a $100 PT vs. the Street at $63.63 and current of $57.37. Box (NYSE:BOX) a $24 PT vs. the Street at $20.14 and current of $12.18.
    • Caterpillar (NYSE:CAT) a PT of $72 vs. the Street at $64.61 and current $75.29. Dunkin' Brands (NASDAQ:DNKN) a $50 PT vs. the Street at $46.16 and current $45.32. Kellogg (NYSE:K) a $82 PT vs the Street at $76.47 and current $75.44.
    • Manitowoc (NYSE:MTW) a $5.10 PT vs. the Street at $4.03 and current $4.37. Nationstar Mortgage (NYSE:NSM) a $19 PT vs. the Street at $14.19 and current $9.77. Patterson (NASDAQ:PDCO) a $55 PT vs. the Street at $50.33 and current $44.66.
    • Sysco (NYSE:SYY) a $50 PT vs. the Street at $43.18 and current $46.24. U.S. Steel (NYSE:X) a $22 PT vs. the Street at $10.97 and current $15.78.
    • Of this group, Box, Inc. in the only one with a majority-Buy rating. Not surprisingly, CS has higher earnings estimates than consensus for both this year and next.
    | Mon, Mar. 28, 5:14 PM | 13 Comments
  • Mon, Mar. 14, 7:11 AM
    • Just 7,450 shares were tendered at or below $9.40 per share thanks to the big rally in the stock over the past month.
    • The day before the Dutch auction was announced, NSM closed at $8.61. It closed at $12.71 on Friday.
    • The company's buyback capacity is about $184M.
    | Mon, Mar. 14, 7:11 AM
  • Tue, Mar. 1, 11:01 AM
    • With the fate of its largest customer looking increasingly to be in question, Altisource Portfolio Solutions (ASPS -24.6%) is coming under nearly equal selling pressure.
    • Also at issue is Ocwen's disclosure of an SEC probe into fees and expenses, which would seem to have something to do with Ocwen's relationship with ASPS. Ocwen CEO Faris on the earnings call (transcript): "We feel very comfortable with our practices."
    • For Nationstar Mortgage (NSM -7.7%) investors who think there may be significant value in a spinoff of Xome, that may need to reassessed.
    • Previously: Ocwen Financial investors bail, shares halted (March 1)
    • Previously: Altisource Portfolio slides after reporting earning (Feb. 29)
    | Tue, Mar. 1, 11:01 AM | 1 Comment