Quarterly home-lending activity slowed at Hilltop Holdings Inc. and could descend even further. Mortgage earnings were down by more than half.
In its third-quarter 2017 earnings report, the Dallas-based bank-holding company disclosed $48 million in income before income taxes.
Hilltop’s earnings plunged from the same quarter last year, when they were $86 million. Income also deteriorated from $89 million the preceding quarter.
Source: Mortgage Daily