Green Tree Financial Corp., St. Paul, said first-quarter net earnings were up 38.3% from a year earlier.

The manufactured-home lender on Thursday an-nounced net earnings of $91.8 million.

Originations of loans for manufactured housing in-creased 13% to $1.01 billion. Home-improvement and home-equity loan volume increased 290% to $636 million, while consumer-product and credit-card loan volume more than doubled, to $261 million.

Green Tree securitized $1.8 billion of loans during the quarter.

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