Ditech Holding Corporation reported unaudited consolidated earnings for the second quarter and six months ended June 30, 2018. For the quarter, total revenue was $198,528,000 compared to $208,787,000 a year ago. Loss before income taxes was $40,221,000 compared to $92,615,000 a year ago. Net loss was $40,470,000 compared to $94,309,000 a year ago. Basic and diluted loss per common and common equivalent share was $8.60 compared to $2.58 a year ago. Adjusted loss was $46,917,000 compared to $19,806,000 a year ago. Total revenue decreased primarily due to decreases of $27.3 million and net gain on sale of loans, $10 million in lower interest income and $9.6 million in increased evaluation losses on reverse loans with related HMBS obligations, which were partially offset by an increase of $39 million in net servicing revenue, driven by favorable fair value adjustments.

For the six months, total revenue was $477,016,000 compared to $454,072,000 a year ago. Loss before income taxes was $426,808,000 compared to $88,229,000 a year ago. Adjusted loss was $75,210,000 compared to $60,802,000 a year ago.

For the second quarter ended June 30, 2018, the company reported goodwill and intangible assets impairment of $1,000,000.