WMIH, a legacy reinsurance business, completed the acquisition of Nationstar Mortgage, which provides quality servicing, origination and transaction-based services, for $6.4bn. "We expect this merger to create value for our shareholders in both the near and long-term, including immediate accretion on a cash EPS basis and a cash premium for those of our stockholders who elect to receive the cash merger consideration. I am passionately committed to continuing and accelerating our growth and investment as a leader in our industry, leveraging our best-in-class integrated servicing and originations platform. The Nationstar Board and management team have taken considerable steps to make homeownership simpler and more rewarding for our 3m customers and we look forward to identifying additional opportunities to enhance value for the combined company’s shareholders,” Jay Bray, Chief Executive Officer and Chairman of Nationstar.