Money Store Inc. reported record earnings for the
The subprime lender reported a 71% increase in net earnings for the
Annually, earnings increased 76% to $85.7 million.
Strong growth in loan originations is responsible for the company's
Home equity loans, which represent roughly two-thirds of the company's
Overall, the company's serviced loan portfolio increased 41% to $12.2
Delinquencies rose 21 basis points in the company's home equity loan
But delinquencies in both the small-business and auto-finance loan pools