2025101001

Successor

Nationstar Mortgage Holdings Inc.

Event Publicly Available Information:

Is there a Successor to Nationstar Mortgage Holdings Inc.?

The Eligible Market Participant who submitted the potential DC question requests that the Americas DC consider whether or not there is a Successor to Nationstar Mortgage Holdings Inc.

The Eligible Market Participant also submitted the item below as supporting the information for the potential DC Question:

Press release
Press release
Press release

DateDescriptionDocument
Ongoing

Americas DC Meeting Statement – October 29, 2025

The Americas DC Legal Subcommittee met today to continue discussions with respect to whether there is a Successor to Nationstar Mortgage Holdings Inc. and is continuing to review information relating to the Relevant Obligations of Nationstar Mortgage Holdings Inc. 

The Americas DC is aware of Mr. Cooper Group Inc.’s (Mr. Cooper) disclosure (see Form 10-Q for the quarterly period ending June 30, 2025, available here (the Form 10-Q)) relating to the following obligations:

  • Advance Facilities. The Form 10-Q identifies four advance facilities of varying principal amounts with maturity dates in 2026.
  • Warehouse Facilities. The Form 10-Q identifies 15 warehouse facilities with varying principal amounts and maturity dates ranging from 2025 to 2027.
  • Mortgage Servicing Rights (MSR) Facilities. The Form 10-Q lists 10 MSR facilities with varying principal amounts and maturity dates ranging from 2025 to 2027.

The Americas DC notes that Nationstar Mortgage Holdings Inc. was a wholly owned subsidiary of Mr. Cooper. However, the Americas DC has not been able to obtain detailed information regarding these obligations sufficient to conclude whether such obligations constituted Relevant Obligations of the Reference Entity as of the relevant Succession Date (October 1, 2025).

Eligible Market Participants wishing to share Eligible Information (including outstanding principal balance and/or related documentation) relating to such obligations may contact the DC Secretary (dcsecretary@cdsdeterminationscommittees.org) in order to provide such information, in each case in accordance with Section 2.1(c) of the DC Rules.

Americas DC Decision - Issue Number 2025101001 (Nationstar Mortgage Holdings Inc.) - 10/29/25

Ongoing

The Americas DC Legal Subcommittee met today to continue discussions with respect to whether there is a Successor to Nationstar Mortgage Holdings Inc. and is continuing to review information relating to the Relevant Obligations of Nationstar Mortgage Holdings Inc. 

Eligible Market Participants wishing to share Eligible Information relating to such Relevant Obligations may contact the DC Secretary (dcsecretary@cdsdeterminationscommittees.org) in order to provide such information, in each case in accordance with Section 2.1(c) of the DC Rules.

Ongoing

The Americas DC Legal Subcommittee met today to begin discussions with respect to whether there is a Successor to Nationstar Mortgage Holdings Inc. The Americas DC will continue discussions this week.

Request Accepted by DC
Pending DC Consent