Hudson City Bancorp Inc. is looking for opportunities to increase its residential mortgage originations operations to take advantage of the upcoming drop in the conforming loan limits, its top executive said. The company reported net income of $96 million for the second quarter, down from $143 million one year prior.

During the first quarter, Hudson City restructured its balance sheet, resulting in a $556 million net loss. Now that the restructuring is completed, Ronald E. Hermance Jr., chairman and chief executive, said the company is expanding its mortgage business by moving into northeast Massachusetts, where it will start originating loans in the third quarter.

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