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We continue to feel good about our pipeline and low momentum heading. and compressed gain on sale margins. We do not expect those conditions to change over the next quarter and possibly longer, so.
The quarter was also very clean, with approximately $700,000 of non-cash debt issuance costs, and $700,000 of realized securities gains. Such of the reported. Core expense growth to support the.
As part of our strategy to grow responsibly and profitably, after the end of the quarter we sold four company-operated. We believe our momentum continue to accelerate as our transformation agenda.
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On our last call, I commented that the federal mortgage stress test implemented on January 1. to $12.5 million in the quarter and included a large non-cash fair value gain related to the.
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I’m proud to say that the momentum the company has built over the years was demonstrated again in our strong financial results for the quarter. This quarter, we achieved record earnings of $100.9.
on the back of the rush-in effect before the enforcement of capital gains tax regulations in Beijing and Shanghai in April 2013. However, revenue from mortgage management services increased to 43.8.
Each office in the Motto Mortgage network is independently owned, operated, and licensed. Motto Franchising, LLC is not a lender, bank, or broker, and this website is not an offer to accept or handle an application for a mortgage loan.
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One of the most significant developments for the quarter is momentum in commercial real estate loan origination. and one hotel – all of which continue to perform well and are expected to be sold.