Net income of $76.7M or $0.53/share compares to $44.8M and $0.32 a year ago. Operating income of $155.2M vs. $125.5M last year. Revenue of $530M up 151% Y/Y. Cash flow from operations of $295.5M.
Chairman Bill Erbey: "Higher interest rates will have little negative impact on earnings, as we have only a modest component of income related to originations (is that a dig at competitor Nationstar?), and assets and debt are match funded."
Earnings call at 11 ET. (PR)