Last year, mortgage production moved higher at Hilltop Holdings Inc. But earnings from the home-lending business turned sharply lower.
During the final-three months of last year, income before income taxes was $53 million. Earnings fell from $86 million in the previous quarter.
Hilltop, the parent of PrimeLending, provided the results and other operational and financial metrics in its fourth-quarter 2016 earnings report.
Source: Mortgage Daily
