Nationstar Mortgage Company Description
Nationstar Mortgage helps turn home ownership into more than just a wish upon a star. The company provides conforming home equity loans and Fannie Mae products for debt consolidation, home improvement, mortgage refinancing, and other purposes. It originates loans in 47 states. Once a subsidiary of homebuilder Centex, Nationstar Mortgage was acquired by hedge fund giant Fortress Investment Group in 2006. At the time of the transaction, which was valued at some $575 million, Nationstar Mortgage (then named Centex Home Equity) was a subprime lender. Like many of its peers, Nationstar Mortgage exited the subprime lending business in late 2007.
View the Comprehensive Company Description for Nationstar Mortgage
The Company Description provides a historical perspective of Nationstar Mortgage's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Nationstar Mortgage's evolution in the marketplace.
