Quarterly home lending was much slower at Hilltop Holdings Inc. Also tumbling was the size of the financial institution’s mortgage servicing portfolio.
Prior to income taxes, Hilltop generated $41 million in income during the period from Jan. 1, 2017, to March 31. Earnings were little changed from $43 million a year earlier.
The Dallas-based bank-holding company presented the numbers, along with other financial and operational results, in its first-quarter 2016 earnings report.
Source: Mortgage Daily