New Residential Mortgage is marketing $503 million of bonds backed by mostly re-performing residential mortgages, according to Standard & Poor’s

Nationstar Mortgage will be the servicer and master servicer for the transaction, called NRMLT 2014-3. Citibank is the owner trustee and paying agent, and is responsible for advancing delinquent principal and interest to the trust in the event the master servicer is financially unable to make advances.

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