Nationstar Posts Loss In Q2 - Quick Facts

(RTTNews) - Nationstar Mortgage Holdings Inc. (NSM) reported a net loss of $92 million or $0.92 per share for the second quarter 2016. On an adjusted basis, the company achieved net income of $52 million, or $0.52 per share, bolstered by strong servicing performance, the favorable originations environment and Xome property sales growth. The company noted that its second-quarter adjusted earnings includes the after-tax impact of $138 million or $1.38 per share due to changes in fair value and $6 million or $0.06 per share principally related to the settlement of a contingent obligation within Xome.

Total revenues were $339 million for the quarter ended June 30, 2016.