CharterMac, New York, has reported net income of $24.4 million ($0.47 per share) for the second quarter, an increase of 34.2% from $18.2 million ($0.37 per share) for the second quarter of 2002.CharterMac's mortgage banking subsidiary, PW Funding Inc., originated a record $418.1 million of loans in the second quarter, an increase of about 143.5% from its origination volume a year earlier, according to the affordable multifamily finance company. "Through the expansion of its origination staff and the increase in the company's national presence, PWF has succeeded in expanding its market share this year," said Stuart Boesky, CharterMac's president and chief executive officer. CharterMac can be found online at http://www.chartermac.com.
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