Nationstar Lays Off MSR Risk in First Ever REIT Deal

An affiliate of Newcastle Investment Corp. – a publicly traded REIT – has agreed to pay $43.7 million to Nationstar Mortgage in exchange for receiving 65% of the interest payments on a $9.9 billion pool of MSRs.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_496/nationstar_lays_off_msr_risk-1027877-1.html

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