Nationstar Prices RMBS

Nationstar priced the $144.5 million, triple-A rated class A notes issued under its residential mortgage-backed securities deal, Nationstar Mortgage Loan Trust 2013-A, according to a person familiar with the deal.

The class A notes, structured with a weighted average life of 3.15 years, priced at 200 basis points over swaps.

Barclays and Bank of America Merrill Lynch are joint bookrunners on the deal that is expected to close on Dec. 12.

Interest-only and subordinated notes are expected to be offered after the senior notes.

Article source: http://www.nationalmortgagenews.com/dailybriefing/Nationstar-Prices-RMBS-1040237-1.html

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