Residential

Equifax’s earnings drop 27%; mortgage services revenue flat

Third-quarter net income attributable to Equifax Inc. dropped from a year earlier as the company revealed and addressed damage from a cybersecurity incident, but mortgage services revenue remained fairly stable.

Equifax’s net income fell 27% year over year and 75% from the second quarter, to $96.3 million.

Mortgage services revenue fell 2% year over year to $38.8 million, versus $38.6 million in the second quarter.

Read Article at National Mortgage News

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