Hudson City Bancorp, Paramus, N.J., a top ranked residential funder in the Northeast, originated $1.7 billion in new loans through its retail network during the third quarter, noting that it is poised to "capture additional" market share. Overall, the thrift - one of the nation's largest - grew its earnings 11% to $135 million. However, its ratio of nonperforming loans more than doubled to $518 million compared to yearend. Its allowance for loan reserves now stands at $114 million, more than double the Dec. 31 figure. Among all residential lenders, Hudson City ranks 22nd, according to the Quarterly Data Report.
Processing Content
