Home » Store » Inside Mortgage Finance » Shell Company Stuffed with NOLs Agrees to Buy Nation’s Third Largest Servicer in a Feat of Financial Engineering
Shell Company Stuffed with NOLs Agrees to Buy Nation’s Third Largest Servicer in a Feat of Financial Engineering
WMIH Corp., a shell company whose chief asset is tax losses, this week agreed to purchase Nationstar Mortgage for roughly $1.68 billion in cash and stock.