Mid-Day Follow-Up Commentary on Selected Stocks: (NYSE: NSM), (NYSE: SLCA)
Nationstar Mortgage Holdings Inc. (NYSE: NSM), a company engaged in the servicing of residential mortgage loans in the U.S., is soaring in mid-day trading today after the company agreed to acquire mortgage servicing assets from Bank of America Corporation (NYSE: BAC). The company’s subsidiary signed a definitive agreement to acquire nearly $215 billion in residential mortgage servicing rights, as measured by unpaid principal balance as of November 30, 2012, from Bank of America. The transaction will help NSM expand its...
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