HomeStreet Inc.’s residential servicing portfolio and mortgage staffing expanded. But quarterly home lending activity slipped and is likely to fall further.

HomeStreet earned $3 million before taxes during the final-three months of last year, plummeting from $43 million in the previous three-month period.

The Seattle-based organization revealed the numbers, in addition to other operational and financial metrics, in its fourth-quarter 2016 earnings report.

Source: Mortgage Daily