Legg Mason’s Miller bullish on subprime servicers like Nationstar

Smaller subprime mortgage servicers such as Nationstar benefits from bigger banks leaving the subprime business, Legg Mason’s chief investment officer told CNBC on Thursday.

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Also accelerating the disposition of mortgage-servicing businesses was the inherent and continued conflict between mortgage servicers and the mortgagees. and as the largest player in the subprime.

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Let’s take a moment to look at share prices of non-bank mortgage servicers ocwen Financial (OCN) and Nationstar Mortgage Holdings (NSM). Both sank 5% and 6%, respectively, on Monday in an apparent.

Marshall Hargrave: Famed investor Bill Miller and manager of the legg mason opportunity trust (mutf: LMOPX) mutual fund is taking a bullish stance on the housing market. Let’s check out the top.

LMPFA has agreed to waive indefinitely all fees payable to it under the agreement. LMPFA is wholly-owned subsidiaries of Legg Mason, Inc. ("Legg Mason"). LMM is an affiliate of Legg mason. legg mason investor Services, LLC ("LMIS"), a wholly-owned broker-dealer subsidiary of Legg Mason, serves as the Fund’s sole and exclusive distributor.

Legg Mason chairman and chief investment officer Bill Miller told CNBC’s Squawk Box that Legg Mason is bullish on big subprime mortgage servicers like Nationstar and Springleaf.

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Legg Mason money manager Bill Miller, who has been called America’s best stock picker, said on Thursday that he is still betting on the U.S. economy and its markets even though his own record is.

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In a webcast with investors, John Paulson remained optimistic on the economy, and predicted a coming bull market, Steve Eder reports on Mean Street. Photo: AP.