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1st Source Gains On Servicng Sale.(1st Source Corp.)(Brief article)

Mortgage Servicing News

| December 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SOUTH BEND, IN -- 1st Source Corp. saw its net income rise 16% from a year earlier to $10.9 million in the third quarter of this year, with a gain related to the bulk sale of mortgage servicing rights contributing to the increase. The company said its third-quarter mortgage results were boosted by the sale of mortgage servicing rights, which resulted in a $3.2 million gain.

The parent of 1st Source Bank also said it will pay a dividend of $0.14 per share on Nov. 15 to shareholders of record on ...

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Source: HighBeam Research, 1st Source Gains On Servicng Sale.(1st Source Corp.)(Brief article)

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