Quarterly home lending at Walter Investment Management Corp. retreated. It also realized a smaller servicing portfolio, continued income regression and diminished headcount.
The firm reported that it had a $380 million loss before income taxes during the three months ended June 30, widening from a $279 million loss earmarking the first quarter.
This information, in addition to other operational and financial data, was disclosed in the Tampa, Florida-based financial services provider’s second-quarter 2016 earnings report.
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From:: Financing