- Business
- Nationstar Mortgage Holdings Inc. (NYSE: NSM), doing business as Mr. Cooper, operates as a holding company for one of the largest non-bank residential mortgage servicers in the United States; its core subsidiaries provide servicing for forward and reverse residential mortgage loans including master servicing, private label subservicing, direct-to-consumer originations, and white label originations; the company also offers integrated origination platforms focused on customer retention with products such as conventional agency loans, government-insured FHA, VA, and USDA loans, jumbo loans, fixed-rate and adjustable-rate mortgages, and refinancing options; additional services encompass transaction-based solutions via the Xome brand, including real estate brokerage, REO auctions, short sales, foreclosure trustee sales, title, escrow, and collateral management for single-family residences nationwide. Founded in 1994 as Nova Credit Corporation in Denver, Colorado, and headquartered at 8950 Cypress Waters Blvd. in Coppell, Texas, the company targets homeowners, homebuyers, investors, and real estate agents across the U.S. with a servicing portfolio exceeding $900 billion and millions of customers. In recent developments, Nationstar completed the $14.2 billion acquisition by Rocket Companies on October 1, 2025, marking the largest independent mortgage transaction in history and combining it with Rocket Mortgage for a unified servicing book of nearly 10 million homeowners; earlier in November 2024, it closed a $1.3 billion acquisition of mortgage servicing rights, subservicing, and third-party origination assets from Flagstar Bank, N.A., following an initial agreement in July 2024; the company also issued $750 million in senior notes in 2024 to refinance mortgage servicing rights facilities and conducted tender offers for its notes ahead of the Rocket merger.