Nationstar Mortgage Holdings took $66 million in losses for the third quarter, compared to a $75 million gain in the second quarter.
The company's results reflected steep interest-rate-driven declines in the market value of assets on its balance sheet and other adjustments during the quarter.
Nationstar's earnings also were partly driven by a 36% decline in revenue to $397 million. Income from
Servicing revenue fell 67% to $108 million. Origination income revenue rose 6.1% to $180 million. Total assets declined 1.6% to $17.3 billion.
The company in its Nov. 3 earnings report also noted that it would begin subservicing $50 billion in new mortgage assets, made up mostly of conforming loans, pursuant to a contract awarded by an unnamed financial services organization in October. The servicing transfer is scheduled to begin in March 2016. The company also