IMC Mortgage Co., Tampa, Fla., has reported earnings of $16.3 million ($0.47 per share) for the second quarter, up 52% from $10.7 million ($0.36 per share) a year ago.Loan originations totaled $1.9 billion, up 39% from $1.4 billion a year ago. IMC delivered $1.6 billion of loans into securitizations and $274 million into whole loan sales for the quarter, the company said. The serviced loan portfolio totaled approximately $9.4 billion as of June 30, up from $4.0 billion a year earlier. Loans delinquent more than 30 days (including those in foreclosure or bankruptcy) represented 7.43% of the portfolio as of June 30, compared with 7.29% on March 31, IMC said.
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