Plaza Home Mortgage Corp. has restated its third-quarter and year-to-date earnings after an examination of servicing purchased from Sandia Mortgage Corp. showed a decline in value.

The Santa Ana, Calif.-based mortgage bank will take a $15.9 million charge in the third quarter because of accelerated amortization of the servicing. Of this $15.9 million charge, about $4.6 million accounts for a decline in value through the end of the third quarter, the company said.

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