Jacob Gaffney, Housing Wire

By Nationstar Mortgage Holding‘s (NSM) own admission, they understand why some people got it wrong this morning. It’s complicated, they say.

The company announced that it was selling a large portion of its lending operations to Stonegate Mortgage (SGM). A source at the firm said the communications operations there spent today trying to clarify some of the erroneous reports.

So let this serve as proof Nationstar is not getting TOTALLY out of lending. But, it is getting rid of wholesale and some retail.

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