In Brief: Standard Federal's Profits Decline 3.7%

TROY, Mich. - Standard Federal Bancorp., the holding company of Standard Federal Bank, reported second-quarter earnings of $28.6 million, down 3.7% from the year-earlier period.

Home mortgage originations for the first six months of the year were $2.7 billion, up from $2.6 billion. Purchase volume in the same period increased 68%, to $2.2 billion.

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