Nationstar Mortgage Reports Q1 Adj. EPS Of $0.44 - Quick Facts

(RTTNews) - Nationstar Mortgage Holdings Inc. (NSM) reported first quarter adjusted earnings of $44 million, or $0.44 per diluted share. The Servicing segment earned $220 million GAAP pretax income or $69 million adjusted pretax income, during the quarter. The Xome segment earned $22 million GAAP pretax income or $14 million adjusted pretax income. The Originations segment earned $19 million GAAP pretax income or $25 million adjusted pretax income.

Jay Bray, CEO, said: "The Servicing segment continues to perform in-line with expectations. Despite a challenging mortgage originations environment, funded volume held flat and Xome increased third-party property inflows. We operate at tremendous scale and we have a compelling opportunity for significant cost savings to be achieved across the platform in the next two years. Our best-in-class platform, complemented by technology investments and the power of a rising rate environment, should continue to build value for our stockholders over the long term."