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August 15, 2014

Nationstar Mortgage Cuts 160 Servicing Workers in ‘Performing’ Unit

By Paul Muolo

Over the past year, several top ranked depository lender/servicers have cut staff, but there has been less bloodletting at the nonbanks.

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With originations expected to drop in 2018, will your shop turn to non-QM/non-prime mortgage products as a way to bolster volumes?

Yes, definitely. We’re planning a launch.
No. It’s still difficult compliance/regulatory-wise.
Maybe. It’s under consideration.
Not now. But things could change as 2018 progresses.

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