Cityscape Financial Corp., Elmsford, N.Y., reported a record second quarter.

Net earnings increased to $34.8 million from $2.4 million, while domestic loan originations shot up 74% to $290 million. This represents more than triple the volume the home equity lender originated in the second quarter of last year.

Earnings per share stood at $1.05, compared to 11 cents in the second quarter of 1995.

The company's United Kingdom operations generated $41.4 million in loans this quarter, a 51% increase over first quarter volume. Cityscape's U.K. subsidiary acquired total loan portfolios of $240.6 million during the quarter, due to two acquisitions.

During the quarter, the company also started operations on the West Coast with a regional processing center in Anaheim, Calif.

Cityscape does not publish delinquency rates.

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