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Nationstar Mortgage to acquire Pacific Union Financial

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Nationstar Mortgage to acquire Pacific Union Financial

Nationstar Mortgage LLC is acquiring Pacific Union Financial LLC.

The deal is subject to regulatory approval and will close in early 2019. The acquisition will allow the company to grow its servicing portfolio by approximately $25 billion, Mr. Cooper Group Inc. Chairman and CEO Jay Bray said in a press release.

Nationstar Mortgage is a subsidiary of Mr. Cooper Group.