trending Market Intelligence /marketintelligence/en/news-insights/trending/qfQwfGb-bf3eS9DQeBcdzQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Nationstar Mortgage books Q1 loss of $132.4M

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

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.