Contifinancial Corp. reported a 39.5% increase in net income, to $32 million, for the quarter ended March 31, the fourth of its fiscal year.

Net income for the year was up 43%, to $106 million. Home equity sales and securitization volume almost doubled in the quarter, to $1.2 billion. Originations in-creased 58.8%, to $1 billion.

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