Nationstar /
Flagstar’s mortgage servicing and third-party origination operations
Nationstar to purchase Flagstar mortgage operations
What happened
Nationstar agreed to purchase certain assets and assume related liabilities tied to Flagstar’s mortgage servicing and third-party origination operations. The Asset Purchase Agreement sets a purchase price of approximately $200 million in cash, subject to adjustments.
The aggregate purchase price expected at closing, including the related mortgage servicing rights transaction, is approximately $1.4 billion. Closing is subject to conditions and required approvals.
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Nationstar to purchase Flagstar mortgage operations
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