IMC Mortgage Co. said it earned $15.1 million in the first quarter, up 69% from the year-earlier period.

Net income per share rose 29%, to 44 cents. Loan originations totaled $1.7 billion, up 107%. IMC securitized two pools of loans, totaling $1.7 billion.

IMC's loan portfolio reached $8.2 billion, up from $2.6 billion a year earlier. The ratio of loans delinquent 30 days or more, including foreclosures, improved to 7.29%, from 7.55% at yearend.

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