Quarterly earnings deteriorated at the parent of PrimeLending. In just the mortgage business, the company swung to a loss as sequential home-lending volume was lower.
Hilltop Holdings Inc. revealed in its first-quarter earnings report that income before income taxes came to $32 million during the three months ended March 31.
Earnings at the Dallas-based bank-holding company decreased from th $41 million in the same three months last year. Earnings sank from $65 million in the preceding three-month period.
Source: Mortgage Daily