Dear Readers,
The reporting team at National Mortgage News strives to give you accurate, up-to-the-minute information on what’s happening in the mortgage lending space. Unfortunately, we accidentally published inaccurate numbers in the reporting on Waterstone Mortgage’s Q3 earnings and so have corrected the report to properly reflect their performance.
See the updated story here: Waterstone Mortgage’s Q3 earnings report
Please note the following corrections:
Waterstone made $948,000 from mortgage banking in the third quarter, down from $1.47 million in the second quarter, but up from a loss of $50,000 in the same quarter one year ago” (not $50 million as erroneously stated).
Also, in the first quarter, Waterstone Mortgage had a net loss of $1.63 million, while it lost $197,000 in the fourth quarter of 2023″ (not $197 million as erroneously stated).
We apologize for these errors.
