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by CareyBot

Revenue from real estate franchise, brokerage and relocation operations at Cendant Corp. jumped 31 percent from the second quarter of 2003 to the second quarter of 2004, rising to $1.81 billion, the company reported today. Meanwhile, its mortgage services segment, which includes mortgage and settlement services, saw second-quarter revenues slip 13 percent, from $394 million to $344 million from the second quarter of 2003 to the second quarter of this year. Cendant officials announced earlier week that they are talking with a potential buyer of Cendant's mortgage business and are pursuing a relationship that will provide for the company's continuing participation in the mortgage business. "The combination of prolonged strength in the residential real estate market and the early stages of ...