Nationstar Mortgage Llc
Nationstar Mortgage LLC is a company that provides residential mortgage services across the United States. It was founded in 1994 as Centex Home Equity Company, LP and changed its name to Nationstar Mortgage LLC in 2006. A leading lender of prime and subprime mortgages, Nationstar was bought by Fortress Investment Group LLC (FIG) from private equity firm WL Ross & Co. in 2007 for $63 million. The deal included mortgages managed by Centex along with servicing rights for about $45 billion of loans owned by other institutional investors. In 2011 FIG took Nationstar public through an initial public offering that raised nearly $500 million in net proceeds. In 2016, Mr. Cooper Group Inc., a subsidiary of Fortress Investment Group acquired all outstanding common stock of Nationstar for $3 billion increasing its servicing portfolio to more than 3 million customers.
Industry
Real Estate Credit
Headquarters
8950 CYPRESS WATERS BLVD, COPPELL, TX 75019