S&P revises Nationstar to stable

Standard & Poor's said it revised its outlook on Nationstar Mortgage LLC to stable from negative.

At the same time, the agency affirmed its B+ issuer credit and senior unsecured debt ratings on. The recovery rating on the senior unsecured debt is 4H, indicating an expectation for meaningful recovery for lenders in the event of a payment default.

Recovery expectations are in the upper half of the 30%-50% range. The agency believes the enhanced regulatory environment is now a constant for the entire residential mortgage industry.

"Although compliance failures remain a risk to the Nationstar rating, and could draw the ire of regulators, we do not expect any material regulatory actions over our one-year outlook time horizon," S&P credit analyst Stephen Lynch said in a news release.

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