Moody’s revises Nationstar view to negative

Moody's Investors Service said it revised the outlooks for Nationstar Mortgage Holdings Inc. to negative from stable and for Nationstar Mortgage LLC to negative from no outlook.

In a press release Moody’s cited, “eroding capitalization, resulting from net losses driving by the fair value of mortgage servicing rights” for the revision.

The agency affirmed the B2 backed senior secured ratings of Nationstar Mortgage LLC and Wand Merger Corp. It also affirmed the B2 corporate family rating for Nationstar Mortgage Holdings Inc.

Moody’s decided to withdraw its outlooks for Nationstar Mortgage Holdings’ long-term corporate family rating and senior unsecured ratings of Nationstar Mortgage LLC and Wand Merger.

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