Nationstar Mortgage Holdings Inc. (NSM)

[56Chevy]

Nationstar Mortgage Announces Fourth Quarter and Full Year 2013 Financial Results

February 27, 2014 07:00 AM Eastern Standard Time

LEWISVILLE, Texas--(BUSINESS WIRE)--Nationstar Mortgage Holdings Inc. (NYSE:NSM):

-2013 GAAP EPS of $2.40 on net income of $217 million
•2013 pro forma EPS of $3.20 on pro forma net income of $289 million
•Ending servicing portfolio UPB of $391 billion
•2013 servicing portfolio growth of 88% with successful completion of BofA boarding
•Q4 2013 servicing operating profitability exceeded 6 basis points
•Originations: Funded volume of $24 billion in 2013; Year-over-year growth of 204%
•Solutionstar: $185 million and $67 million in revenue and pretax income, respectively in its first full year
•2013 return on equity of 25%

Nationstar Mortgage Holdings Inc. (NYSE:NSM) (“Nationstar”), a leading residential mortgage loan servicer, today reported that net income for the year ended December 31, 2013 increased 6% to $217 million, or $2.40 per share, from $205 million in 2012, or $2.40 per share. The net loss in the fourth quarter 2013 was $51 million, or $(0.56) per share compared to net income of $64 million, or $0.71 per share, in the fourth quarter 2012.

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http://www.businesswire.com/news/home/20140227005657/en/Nationstar-Mortgage-Announces-Fourth-Quarter%C2%A0and-Full-Year#.Uw9BZ62YaUk

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Nationstar Mortgage (NSM)
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