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Nationstar Mortgage Holdings sees higher adjusted earnings in Q2

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.