Street Capital announces 26 per cent growth in mortgage business

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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. 

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