NAB Asset Corp.: The Irvine financial services...
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NAB Asset Corp.: The Irvine financial services holding company reported net income of $546,000, or 11 cents a share, for the third quarter, compared with a loss of $426,000, or 8 cents a share, for the same period last year. Revenue rose to $4.7 million from $481,000. For the nine months, net income declined 37% to $1.9 million, or 37 cents a share, from $3 million, or 59 cents a share, a year ago. The 1996 figure included a $3.5 million gain from real estate services. Revenue climbed to $9.5 million from $491,000.
NAB Asset owns a majority interest in two subsidiaries, Mortgage Portfolio Services Inc. and Nafco Inc., both with headquarters in Dallas.
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