It may sound complicated, but it appears that Nationstar is selling a portion of its MSR fee on certain rights so it can deleverage and buy even more servicing.
Advisors note that Walter should be concerned that it has a large MSR portfolio $194 billion at Sept. 30, according to figures compiled by Inside Mortgage Finance but a relatively small origination platform.
Ed DeMarco might possibly name a chairman for the CSP platform and let Mel Watt have the final say on the CEO slot. Two mortgage executives interviewed for the CEO job include Peter Carroll and Luke Hayden.