Nationstar Mortgage and an affiliate company Newcastle Investment Corp. have agreed to acquire roughly $63 billion in mortgage servicing rights from Aurora Bank, a subsidiary of the bankrupt Lehman Brothers.

Newcastle, a publicly traded REIT, will pay $170 million to acquire a 65% stake in what are described as “excess” MSRs derived from the transaction. The MSRs were housed at Aurora Loan Servicing, Denver, a subsidiary of the bank.

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