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Nationstar Mortgage books Q1 loss of $132.4M

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Nationstar Mortgage books Q1 loss of $132.4M

reported a first-quarter net loss attributable to the company of $132.4million, or $1.28 per share, compared to net income of $78.9 million, or 73cents per share, in the fourth quarter of 2015.

Adjustedearnings for the quarter were $27.6 million, or 27 cents per share, compared to$34.3 million, or 32 cents per share, in the linked quarter.

The S&P Capital IQ consensusnormalized EPS estimate for the first quarter was 33 cents.

Totalrevenues for the quarter were $263.8 million, down from $587.7 million in theprevious quarter. Service-related revenues, excluding mark-to-marketadjustments, dropped to $345.5 million in the first quarter from $353.9 millionin the fourth quarter of 2015. Net gain on mortgage loans held for saleincreased to $171.1 million from $167.1 million in the previous quarter.