Nationstar Mortgage Holdings (NSM) earned a $55 million profit in the third quarter, driven by surging mortgage service revenue and the appreciation of mortgage loans in its portfolio.

But on a Tuesday earnings call, the Fortress Investment Group-majority-owned servicers' results took second billing to questions about its growth options. After losing out in a bankruptcy auction of former GMAC's ResCap mortgage servicing assets, the company insisted that there are plenty of other, potentially better portfolio acquisitions waiting in the wings.

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