Dallas, TX: Nationstar Mortgage Holdings Inc. announced net income for the year of $221 million, or $2.45 per share, up from $217 million, or $2.40 per share for full-year 2013.
Nationstar generated core EPS of $2.86 per share, up 61% from 2013, due to greater earnings contribution from core operations versus increases in the fair value of mortgage servicing rights. Core EPS was up year-over-year as a function of increased servicing earnings, significant growth in the Solutionstar business from increased property sales, valuation and title orders, and more stable originations earnings. Operating cash flow increased over 900% to $363 million for 2014.
Nationstar Mortgage Holdings is a leading residential mortgage services company. Quarterly net income was $19 million, or $0.21 per share for the fourth quarter, down from $111 million or $1.22 per share in the third quarter. Excluding a deferred tax allowance released in the third quarter, Q3’14 net income was $68 million, or $0.75 per share. GAAP EPS in the quarter was down principally due to a $46 million non-cash MSR mark-to-market adjustment and increased amortization in our servicing segment.
