Great Western Financial in Beverly Hills, the...
From Times Staff and Wire Reports
Great Western Financial in Beverly Hills, the nation’s second-largest thrift, said its first-quarter profit was $74.2 million, up 30% from a year earlier. Great Western said that demand for single-family mortgages remained strong in California, Florida and Washington, its three main markets. A decrease in the cost of what it is paying for money also contributed to the increased profit.
