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I'm doing a masters in law http://novipak.rs/stmap_28e70.html?micardis.lansoprazole.viagra globalhealthgroupllc.com Noninterest income, excluding investment security gains and losses, was $46.1 million for the second quarter of 2013, compared to $39.7 million for the first quarter of 2013, an increase of 16.1%. The increase was primarily due to an increase in mortgage banking revenue comprised of a $2.9 million increase in origination revenue and a $3.6 million increase in mortgage servicing revenue. The increase in mortgage origination revenue was primarily the result of a favorable shift in the mix of loans originated along with an increase in the servicing value of loans self-originated, partially offset by a 2.0% decline in mortgage origination volume in the second quarter. The increase in mortgage servicing revenue was the result of growth in the mortgage servicing rights ("MSR") portfolio from both purchased as well as self-originated MSR. In addition, mortgage servicing revenue increased due to growth in the fair market value of the MSR asset, net of hedging, as a result of the increase in interest rates this quarter.
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