NetBank Delays 3Q Results

NetBank Inc., Atlanta, has announced a delay in reporting its third-quarter financial results because of apparent "irregularities" in $13 million of conforming mortgage loans the company originated and sold to investors.The company said it intends to issue the third-quarter results after the close of the market on Nov. 14. "These loans appear to have some irregularities stemming from the appraisal and underwriting process," NetBank said. A telephone call with NetBank's management will follow the issuance of the results, and the call will be audiocast on the company's website, NetBank said. The company can be found online at http://www.netbankinc.com.