Thrift originations of home mortgages skyrocketed in the first quarter to a near-record $59.1 billion, according to the Office of Thrift Supervision.In the fourth quarter of last year, thrifts produced $44.6 billion in residential product. The OTS also reported that thrifts are continuing to sell large amounts of one- to four-family product into the secondary market. Meanwhile, S&Ls earned $1.87 billion in the first quarter, the industry's best first quarter on record and its second best quarter ever.
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