Nationstar Falls As Loan Servicing Income Still Weak
Specialty mortgage servicer Nationstar Mortgage (NSM) topped fourth-quarter estimates Thursday morning, but shares fell 5.4% in afternoon trading on the stock market today as servicing income remained weak. Profitability on the servicing side remained weak, analysts noted, due in part to the high costs of servicing distressed loans. It was essentially the same scenario in Q3; shares fell 10% after Q3 results were released. Servicing pretax income
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