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.

For the fiscal year, home equity sales and securitization volume increased 79%, to $3.6 billion, and originations 69%, to $3.9 billion.

Contifinancial bought three home equity loan originators and a subprime auto finance company during the fiscal year.

It also originated more than $1 billion in commercial real estate loans.

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