Nationstar Mortgage Holdings, which owns and operates the real estate marketplace Xome, reported its fourth-quarter and 2015 results this morning. As a whole, the company operated at a loss in 2015 to the tune of about $66 million.
- Nationstar operated at a loss of about $66 million in 2015.
- The company invested $140 million into Xome; it expects to invest about $20 million to $30 million in Xome in 2016.
- Nationstar is also undergoing a significant branding revamp for its servicing and loan origination offerings. The new name for these consolidated services is Mr. Cooper, which represents the company's efforts to create a more personal customer experience.
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Dive into the latest Technology affecting RE, July 17, 2018