Nationstar Mortgage (NSM) Stock Down Double Digits Following Earnings Release
NEW YORK (TheStreet) — Nationstar Mortgage shares are losing a fifth of their value today, down 20.4% to $28.39, in trading on Thursday, after the company reported its third quarter earnings results before the opening bell today. The non-bank residential mortgage servicer reported a 8.3% drop sequentially in third quarter revenue to $504.32 million, well short of analysts' expectations of $568 …