Quantum Leap for Nationstar

With the planned acquisition of assets from bankrupt Residential Capital LLC, Nationstar Mortgage Holdings Inc. expects to become one of the industry’s biggest non-bank mortgage firms. ResCap and 27 affiliates disclosed Monday that voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code were filed Monday. Lewisville, Texas-based Nationstar announced separately that it has signed a definitive agreement to acquire mortgage servicing and other assets from ResCap and its affiliates as a “stalking horse” bidder.

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