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Nationstar Mortgage looks to acquire assets from Ally Financial subsidiary after Chapter 11 filing
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Industry News
Tuesday, May 15, 2012
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Nationstar Mortgage Holdings Inc. has agreed to acquire portions of
Residential Capital LLC — the mortgage subsidiary of Ally Financial — in
connection with Residential’s asset sale resulting from its Chapter 11
filing. Then, pending the completion of the deal, Newcastle Investment
Corp. has signed a definitive agreement to acquire up to a 65 percent
interest in excess mortgage servicing rights from Nationstar. Read on
for all of the details from this complex mortgage world transaction.
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