Quarterly originations declined, the servicing portfolio was lower and earnings plummeted on mark-to-market charges at Nationstar Mortgage Holdings Inc.
Prior to income tax expense, Nationstar’s income was $3 million during the period that began on Jan. 1, 2017, and concluded on March 31.
The Dallas-based mortgage banking firm released the results, in addition to other financial and operational metrics, in its first-quarter 2017 earnings report.
Source: Mortgage Daily
