New financial results for Counsel Corporation which includes mortgage lender Street Capital show strong growth in the company.
New financial results for Counsel Corporation which includes mortgage lender Street Capital show strong growth in the company. The parent company’s revenues grew by 8 per cent in quarter to March 31 2015 from the same period in 2014, to a total of $32,130,000. For the mortgage business quarterly revenue grew by 26 per cent from a year earlier to $32,058,000. Street Capital’s operating expense including the cost of acquiring mortgages for sale was up 8 per cent year-over-year. Mortgages sold increased to $1.617 billion from $1.376 billion a year earlier while mortgages under administration totalled $22.163 million which is a 22 per cent rise year-over-year.
