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Walker & Dunlop jumps in net income

Walker & Dunlop, of Bethesda, a provider of commercial real estate financing services, reported a nearly 88 percent increase in net income for the third quarter. Walker & Dunlop posted net income of $15.1 million, or 47 cents per diluted share, for the quarter ended Sept. 30, compared with $8.1 million, or 23 cents, for the same quarter last year. Revenues were $98.1 million, a 33 percent jump from $73.7 million for the third quarter 2013. “This quarter marks the highest loan origination volume in the history of Walker & Dunlop and reflects the dramatic growth and market leadership position we have gained over the past several years,”  Chairman and CEO Willy Walker said in a statement. “Our originations for the quarter increased by 77 percent year over year.”