Core earnings of $58M or $1.53 per share are about flat with year-ago numbers.
Revenue of $369.9M gained 17% Y/Y; expenses of $338.5M rose 27% (compliance?)
Servicing segment revenue of $169.4M (up 35% Y/Y)
Originations segment revenue of $109.2M (down 20%)
Reverse mortgage segment revenue of $27.9M (down 29%)
Previous FY14 guidance of Adjusted EBITDA of $650M-$725M and core EPS of $5.25-$6.25 is unchanged. "The level of regulatory oversight has increased over the past year, impacting the sector as transaction flow has slowed."
CC at 10 ET
WAC -3.3% premarket