Cal-Star Financial Services Inc., a Costa Mesa-based...

Cal-Star Financial Services Inc., a Costa Mesa-based mortgage banking company, posted net income of $288,000 for third quarter ended July 31, compared with a $35,000 profit for the same quarter last year. Revenue for the quarter rose to $4.3 million from $768,000 a year ago. In April 1989, Cal-Star acquired assets and assumed leases of seven loan production offices from ABQ Mortgage Corporation of Albuquerque, N.M.