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Nationstar Mortgage reports higher Q4'17 revenues

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Nationstar Mortgage reports higher Q4'17 revenues

Nationstar Mortgage Holdings Inc. reported fourth-quarter 2017 net income attributable to the company of $41 million, or 41 cents per share, compared with $7 million, or 7 cents per share, in the third quarter of 2017.

Adjusted earnings for the quarter totaled to $42 million, or 43 cents per share, versus $40 million, or 41 cents per share, in the third quarter.

Total revenues for the quarter increased to $437 million from $406 million in the prior quarter. Net service-related revenues slid quarter over quarter to $295 million from $296 million. Net gain on mortgage loans held for sale totaled $142 million for the quarter, down from $154 million in the linked quarter.

Nationstar's servicing portfolio ended the quarter with an unpaid principal balance of $508 billion, down from $533 billion at the end of the previous quarter.

For full year 2017, the company reported adjusted earnings of $147 million, or $1.48 per share.