NVR's homebuilding business segment grew year-over-year but its mortgage banking unit generated a 10.3% decline in profits. The Reston, Va.-based company booked net profits of $58.7 million, or $9.96 per share, on revenue of $811 million, compared with year-earlier earnings of $60.6 million, or $9.61 per share, on revenue of $745.8 million. Top- and bottom-line results topped Wall Street's consensus for earnings of $44.9 million, or $7.38 per share, on revenue of $699.9 million. NVR's backlog of homes sold but not settled dropped 17% year-over-year to 2,916 units, and on a dollar basis by 11% to $958.3 million. NVR's homebuilder revenue grew 9% to $794.5 million and its mortgage closed loan product grew 10% to $597.9 million.