A staggering refinance share had home-lending activity retreating for a third consecutive quarter at Nationstar Mortgage Holdings Inc. A second-quarter loss was reported.

Income before income tax expense during the three months ended June 30 was a $29 million loss, the Dallas-based business disclosed in its second-quarter earnings report.

That was smaller than the $144 million loss suffered in the same period in 2016. But the latest quarter’s losses swung from a $3 million profit in the first-quarter 2017.

Source: Mortgage Daily