Contifinancial Corp. said strong securitization volume pushed its earnings up 51%, to $69.8 million, in its first fiscal quarter, which ended June 30.

Loan origination volume climbed 52%, to $678.1 million. At the same time, delinquency rates on its servicing portfolio jumped to 4.05%, from 2.51%; the company said the increase was expected and stemmed from a strategic decision in 1995 to include more subprime loans in its mix.

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