Nationstar Mortgage Holdings Inc has reportedly said that it will pay about $880 million to buy mortgage servicing assets and other assets from Residential Capital LLC through a U.S. Bankruptcty Code sale process.

 The deal will make it the largest non-bank residential mortgage loan servicer and one of the largest residential loan originators in the U.S, says report.

Reports stated that the deal includes $700 million in cash for mortgage servicing rights plus $180 million for related servicing advance receivables.