Bankers were blamed for the housing crash of 2008, and considered the evil scourges of society. Today, many of those banks are working on a makeover, to "put on a friendlier face”.
The Texas-based company, Nationstar, is known for servicing delinquent loans during the mortgage meltdown. They took on delinquent loans and then tried to get borrowers to pay up.
Of course, many of those loans turned into foreclosures, which now makes them the “bad guy” in the minds of millions of borrowers. That's the kind of image Nationstar would like to get away from.
Now that foreclosures have dwindled, the company - and other loan servicing companies - are trying to "rebrand" themselves, and to expand into other services.
For the full transcript: www.NewsForInvestors.com
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