Nationstar Mortgage Q4 Profit Sequentially Rises

(RTTNews) - Nationstar Mortgage Holdings Inc. (NSM) announced that it generated fourth quarter GAAP net income attributable to the company of $198 million, or $2.01 per share driven principally by strong operating results, a favorable mark-to-market adjustment, and decreased amortization of the servicing portfolio. This compared to net income of $45 million or $0.46 per share in the third-quarter of 2016.

On an adjusted basis, the Company reported earnings for the fourth quarter of $35 million, or $0.36 per share, driven principally by sequential improvement in servicing profitability and strong originations earnings.

Total revenues for the fourth-quarter were $789 million, compared to $542 million in the third-quarter.