Mr. Cooper Group in the agreement by its wholly owned subsidiary, Nationstar Mortgage, to purchase the mortgage operations from Flagstar Bank

On July 24, 2024, Nationstar Mortgage LLC, a wholly owned subsidiary of Mr. Cooper Group Inc. (NASDAQ: COOP), entered into an Asset Purchase Agreement and an Agreement for the Bulk Purchase and Sale of Mortgage Servicing Rights with Flagstar Bank, N.A., a wholly owned subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), pursuant to which Nationstar agreed to purchase Flagstar’s mortgage operations, including MSRs and subservicing contracts, for $1.4 billion in cash.

Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Mr. Cooper.