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TRADING ALERT: The Rosen Law Firm Reminds Nationstar Mortgage Holdings Inc. Investors of the Important August 3, 2015 Deadline in the Class Action - NSM

20:00 EDT 23 Jul 2015 | Globe Newswire

NEW YORK, July 24, 2015 (GLOBE NEWSWIRE) -- The Rosen Law Firm, a global investor rights firm, reminds purchasers of Nationstar Mortgage Holdings Inc. (NYSE:NSM) common stock from February 27, 2014 through May 4, 2015, of the important August 3, 2015 lead plaintiff deadline in the class action lawsuit. The lawsuit seeks to recover investors' losses under the federal securities laws.

To join the Nationstar class action, visit the firm's website at http://www.rosenlegal.com/cases-630.html or contact Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com for information on the class action.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.

The complaint alleges that Nationstar made false and/or misleading statements, and failed to disclose material adverse facts about the Company's business, operations, prospects and performance. Specifically, the Complaint alleges that Defendants issued materially false and misleading statements about the Company's business results and future financial prospects. The Complaint alleges that the Company claimed to be improving its profitability as a result of increased servicing revenue on its exponentially expanding MSR portfolio, leading to servicing fee profits, and as a result of profits being "earned" by its Solutionstar subsidiary, with which it had contracted to provide various loan services. However, the Complaint alleges that Nationstar failed to disclose deficiencies in management control and supervision necessary to ensure the Company's compliance with applicable laws and regulations in connection with the servicing of MSRs, and that Nationstar had been overcharging mortgagors and illegally enhancing its profits through illicit practices, such as charging for repeated, unnecessary inspections, which resulted in additional late payment fees, and pressuring mortgagors to carry out expensive modifications and refinances on their mortgages.

On May 5, 2015, Nationstar issued disappointing first quarter 2015 financial results. The Company reported a net loss of $48.3 million, or ($0.53) per share as the Company's revenues fell 15% year-over-year. When the true details entered the market, shares of Nationstar fell to $19.51 per share on May 5, 2015, damaging investors.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 3, 2015. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm's website at http://www.rosenlegal.com/cases-630.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll-free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

CONTACT: Laurence Rosen, Esq.
         Phillip Kim, Esq.
         Kevin Chan, Esq.
         The Rosen Law Firm, P.A.
         275 Madison Avenue, 34th Floor
         New York, NY  10016
         Tel: (212) 686-1060
         Toll Free: (866) 767-3653
         Fax: (212) 202-3827
         lrosen@rosenlegal.com
         pkim@rosenlegal.com
         kchan@rosenlegal.com
         www.rosenlegal.com
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