PMCC Financial Corp., Roslyn Heights, N.Y., has reported pro forma net income of approximately $673,000 ($0.18 per share) for the second quarter, up 57% from $428,000 ($0.17 per share) a year ago.Ron Friedman, PMCC's president and CEO, said revenues from mortgage banking operations totaled $3.7 million for the quarter, up 42% from a year earlier. Mr. Friedman noted the company's recent announcement that its warehouse lines of credit have been increased from $95 million to $140 million. The new lines, provided by PNC Bank and Chase Bank of Texas, will enable the company to increase its residential rehabilitation division's financing capacity from $8 million to $21 million, PMCC said.
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