The bulk of the pretax charge is a $62 million write - off of capitalized servicing at the mobile home financing subsidiary, which the company said had been a big drain on earnings. The company said the one - time provision would substantially eliminate all future losses at the unit.
The bulk of the charge is a $62 million write-off of capitalized servicing, which the company said had been a big drain on earnings and that the one-time provision would eliminate future losses.