With home-lending business coming in more slowly than expected, HomeStreet Inc. has begun reducing its mortgage workforce. Further downsizing could be ahead.

At $16 million for the three months ended June 30, HomeStreet’s income before income taxes was down by more than half from $35 million in the second-quarter 2016.

Those results, as well as a collection of other operational and financial details, were presented in the Seattle-based organization’s second-quarter 2017 earnings report.

Source: Mortgage Daily