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Section 1: 8-K/A (FORM 8-K/A)

Document



__________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):
August 3, 2016

NATIONSTAR MORTGAGE HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware
001-35449
45-2156869
(State of Incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
8950 Cypress Waters Boulevard
Coppell, Texas 75019
(Address of principal executive offices)

(469) 549-2000
(Registrant’s telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
    240.14d-2(b))

[ ]    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))





Explanatory Note:
This amendment to the Current Report on Form 8-K filed by Nationstar Mortgage Holdings Inc. (the “Company”) on August 3, 2016 amends information furnished under Item 2.02 thereof, as described below.

Item 2.02 Results of Operations and Financial Conditions.

On August 3, 2016, the Company issued a press release announcing its financial results for its fiscal quarter ended June 30, 2016. After further review by management, the Company has adjusted previously announced results to reflect the effect of certain reclassification adjustments related to early buy out activities on Ginnie Mae securities between expense and revenue accounts and their impact on certain non-GAAP financial measures for its Servicing segment for the first and second quarters of 2016. GAAP earnings were not affected by the reclassification adjustments. Schedule A - 2016 Non-GAAP Adjustments sets forth the revised results and is incorporated by reference herein. The information furnished pursuant to this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.


Item 9.01
Financial Statements and Exhibits.

(d) Exhibits
 
Exhibit
Number
  
Description
 
 
99.1
  
Schedule A - 2016 Non-GAAP






SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
 
 
 
 
 
 
 
Nationstar Mortgage Holdings Inc.
 
 
 
 
Date: August 8, 2016
 
 
 
By:
     
/s/ Robert D. Stiles
 
 
 
 
 
 
Robert D. Stiles
Chief Financial Officer





EXHIBIT INDEX  


 
Exhibit
Number
  
Description
 
 
99.1
  
Schedule A - 2016 Non-GAAP



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Section 2: EX-99.1 (SCHEDULE A)

Exhibit
Schedule A
2016 Non-GAAP Adjustments


 
Q1'16
 
Q2'16
 
Servicing segment
 
 
 
 
Servicing segment
 
 
 
($ in millions)
Q1'16 As Reported
 
Q1'16 Adjustment
 
Q1'16 As Adjusted
 
 
Consolidated As Adjusted
 
Q2'16 As Reported
 
Q2'16 Adjustment
 
Q2'16 As Adjusted
 
 
Consolidated As Adjusted
 
$
 
BPS
 
$
 
$
BPS
 
 
$
 
$
 
BPS
 
$
 
$
BPS
 
 
$
  Operational
$
317

 
32.3

 

 
$
317

32.3

 
 
 
 
$
333

 
35.4

 
$

 
$
333

35.4

 
 
 
  Amortization
(65
)
 
(6.6
)
 

 
(65
)
(6.6
)
 
 
 
 
(78
)
 
(8.3
)
 

 
(78
)
(8.3
)
 
 
 
  Other mark-to-market
(253
)
 
(25.8
)
 
(9
)
 
(262
)
(26.7
)
 
 
 
 
(221
)
 
(23.4
)
 
(10
)
 
(231
)
(24.5
)
 
 
 
Total revenue
(1
)
 

 
(9
)
 
(10
)
(1.0
)
 
 
$
255

 
34

 
3.7

 
(10
)
 
24

2.6

 
 
$
329

Expenses
184

 
18.8

 
(9
)
 
176

17.9

 
 
412

 
169

 
17.8

 
(10
)
 
159

16.8

 
 
413

Total other income (expense), net
(22
)
 
(2.3
)
 

 
(22
)
(2.3
)
 
 
(58
)
 
(23
)
 
(2.5
)
 

 
(23
)
(2.5
)
 
 
(60
)
Loss before taxes (GAAP)
(208
)
 
(21.2
)
 

 
(208
)
(21.2
)
 
 
(215
)
 
(158
)
 
(16.7
)
 

 
(158
)
(16.7
)
 
 
(144
)
Income tax benefit
 
 
 
 
 
 
 
 
 
 
82

 
 
 
 
 
 
 
 
 
 
 
53

Noncontrolling interest
 
 
 
 
 
 
 
 
 
 
(1
)
 
 
 
 
 
 
 
 
 
 
 
1

Net income attributable to
Nationstar
 
 
 
 
 
 
 
 
 
 
$
(132
)
 
 
 
 
 
 
 
 
 
 
 
$
(92
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
  Mark-to-market
253

 
25.8

 
9

 
262

26.7

 
 
262

 
221

 
23.4

 
10

 
231

24.5

 
 
231

  Non-recurring
4

 
0.4

 

 
4

0.4

 
 
6

 

 

 

 


 
 
6

Adjusted pretax income
$
50

 
5.0

 
$
9

 
$
59

5.9

 
 
53

 
$
63

 
6.8

 
$
10

 
$
73

7.8

 
 
93

Income tax expense
 
 
 
 
 
 
 
 
 
 
(20
)
 
 
 
 
 
 
 
 
 
 
 
(34
)
Adjusted earnings
 
 
 
 
 
 
 
 
 
 
$
33

 
 
 
 
 
 
 
 
 
 
 
$
59

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings per share
 
 
 
 
 
 
 
 
 
 
$
(1.28
)
 
 
 
 
 
 
 
 
 
 
 
$
(0.92
)
Adjusted Earnings per share
 
 
 
 
 
 
 
 
 
 
$
0.32

 
 
 
 
 
 
 
 
 
 
 
$
0.59




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