Nationstar Mortgage Holdings Inc. , a leading residential mortgage loan servicer, today reported net income of $50.2 million or $0.67 per share for the first quarter 2012 compared to $14.9 million or $0.21 per share in the fourth quarter 2011 and $7.4 million in the first quarter 2011.
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Canada’s banks, ranked the soundest on the planet by the World Economic Forum, aren’t immune to collapses triggered by falling housing prices, according to the government official implementing new mortgage rules.
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