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Walker & Dunlop’s profit drops

Walker & Dunlop, a Bethesda-based commercial real estate finance company, reported drops in profit and revenue for the last quarter. Walker & Dunlop had net income of $12.9 million, or 40 cents per diluted share, down from $15.3 million and 44 cents during the same period in 2013. Revenue of $85.3 million in the quarter represents a 6 percent decrease from the prior-year period’s $90.7 million. The decreases partly reflect how the overall commercial loan refinancing market has shrunk by 23 percent since 2013, Walker & Dunlop said.