Nationstar Mortgage Holdings Inc. reported a second-quarter net loss attributable to the company of $20 million, or 20 cents per share, compared to income of $2 million, or 2 cents per share, in the previous quarter.
Adjusted earnings for the quarter totaled $42 million, or 43 cents per share, versus $29 million, or 30 cents per share, in the first quarter.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 37 cents.
Total revenues for the quarter declined to $380 million from $427 million in the prior quarter. Service-related revenues, excluding mark-to-market adjustments, fell quarter over quarter to $303 million from $321 million. Net gain on mortgage loans held for sale totaled $167 million for the quarter, up from $144 million in the linked quarter.
Nationstar's servicing portfolio ended the quarter with an unpaid principal balance of $498 billion, compared to $470 billion at the end of the previous quarter.