What We're Reading ~ 8/12/15

Avoiding process drift [A Wealth of Common Sense]

GOOG: Do you trust Larry Page? [Stratechery]

Giving Google room to dream big [NYTimes]

Pichai tapped to run restructured Google within Alphabet [Bloomberg]

Inside SoftBank's struggle to turn around Sprint [WSJ]

A short seller's new target: Canadian housing [Globe and Mail]

Quick pitch on Nationstar (NSM) [Oozing Alpha]

A look at Mondelez [Brooklyn Investor]

And another Mondelez analysis [Elevation Capital]

How baseball's tech team built the future of television [TheVerge]

Ad woes pummel TV firms [WSJ]

Why Disney and ESPN will be OK [Stratechery]

Alan Greenspan sees pending bond market bubble [Bloomberg]

Investors find ways to indirectly profit from start-ups [NYTimes]

IACI: Tinder and the dawn of the dating apocalypse [Vanity Fair]

Why streaming services are so secretive [Bloomberg View]

A profile of Exor's John Elkann [NYTimes]

The power of admitting your own errors [WSJ]

Hayman Capital Ramps Up Nationstar Mortgage Holdings Stake

Kyle Bass' hedge fund firm Hayman Capital has filed a 13G with the SEC regarding its stake in Nationstar Mortgage Holdings (NSM).  Per the filing, Hayman has disclosed they own 5.3% of the company with over 4.75 million shares.

This is an increase of over 3.67 million shares since the end of 2013.  The filing was required due to activity on March 13th.

Shares of NSM and other mortgage servicers like Ocwen Financial (OCN) have dropped this year as non-bank servicers have started to come under scrutiny from regulators.

Per Google Finance, Nationstar Mortgage Holdings is "a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum. The Company’s clients include national and regional banks, government organizations, securitization trusts, private investment funds and other owners of residential mortgage loans and securities. It is a partner of financial organizations, including government-sponsored enterprises (GSEs) and other regulated institutions."

For more on this manager, head to an interview with Kyle Bass from House of Money.