Home lending increased on a quarter-over-quarter and year-over-year basis at Nationstar Mortgage Holdings Inc. Servicing slipped, earnings swung to a profit, and delinquency declined..
In its second-quarter earnings report, the Dallas-based company announced that income before income-tax expense came to $79 million.
Earnings swung from a $29 million loss during the same three months last year. Income plummeted, however, from $206 million in the first-three months of this year.
Source: Mortgage Daily