I posted the following 2nd half of year 2017
PLATFORM TARGET for WMIH – One of the following?
***REMEMBER*** the 8K filed by WMIH on 10/13/2015 regarding the 11 million dollars spent on trying to secure the deal and some of the language included the following.
WMIH was trying to buy "A DIVISION Of a PUBLICLY TRADED COMPANY" so to me the target may be Nationstar Mortgage Holdings Inc of Dallas where there are many connections to the players in former and current WaMu. Please read on!
The following mortgage servicing companies were in the recently settled JPM/FDIC/DB cases that have been terminated. One of these could be a platform that WMIH buys which would make perfect sense as they are currently do the mortgage servicing work.
Now the interesting part is, IHUB poster johnnyiwantsome advised he was told by a very reputable FDIC source who returned his call that the FDIC would have updated their WaMu site but for the Florida Hurricane, as they are working with a large servicer there.
So of the five servicers that were mentioned in the 65 billion face value settlement with DB, Select Portfolio Servicing, Inc. has an office in Jacksonville, Florida. Could this be WMIH’s target for a platform?
• Specialized Loan Servicing LLC - Founded in 2003 by a group of seasoned mortgage professionals, Specialized Loan Servicing LLC ("SLS") is a third-party servicer with a proven track record of setting the standard for customer care while optimizing portfolio performance on behalf of its clients.
• Specialized Loan Servicing LLC - Founded in 2003 by a group of seasoned mortgage professionals, Specialized Loan Servicing LLC ("SLS") is a third-party servicer with a proven track record of setting the standard for customer care while optimizing portfolio performance on behalf of its clients.
• Select Portfolio Servicing, Inc. - Select Portfolio Servicing, Inc. (SPS) is a nationally recognized mortgage servicer specializing in the servicing of single-family residential mortgages. Founded in 1989, SPS is headquartered in Salt Lake City, Utah, with an office in Jacksonville, Florida.
• Nationstar Mortgage Holdings Inc. - Based in Dallas, Texas, Nationstar Mortgage Holdings Inc. (NYSE: NSM) provides quality servicing, origination and transaction-based services related principally to single-family residences throughout the United States. Nationstar is a recognized leader in the mortgage industry with more than two decades of experience, and its flagship brand, Mr. Cooper, is the largest non-bank mortgage servicer in the nation. Nationstar has been traded on the New York Stock Exchange (NYSE: NSM) since 2012.
• PHH Mortgage Corporation - Today, PHH Mortgage is recognized as an industry-leading provider of mortgage services, operating across the United States. PHH Mortgage is the 5th largest originator of retail residential mortgages4, the 7th largest originator overall5 and the 9th largest mortgage servicer. In 2015, we closed approximately $41 billion in mortgage financing and maintained an average servicing portfolio of approximately 1.1 million loans.
• Carrington Mortgage Servicers, LLC. Founded in 2007, Carrington Mortgage Services, LLC ("Carrington", "CMS") is a subsidiary of Carrington Holding Company, LLC ("CHC"), a privately managed investment management company. Headquartered in California, CMS operates three loan servicing locations that together provide integrated full life cycle mortgage loan servicing support to borrowers and investors.
