ContiFinancial Corp.'s net income for its third fiscal quarter, which ended Dec. 31, reached $29 million, up 29.4% from profits in the quarter a year earlier.

During the quarter, the company finalized the acquisition of Royal MortgageBanc, Resource One Consumer Discount Co., and United Lending Group. Also, ContiFinancial purchased a majority interest in subprime auto lender Triad Financial Corp., formed an alliance with North American Mortgage Co. to provide underwriting and servicing for B and C loans, and formed a strategic alliance with home equity lender CMG Funding Corp.

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