** Shares of real estate finance company Velocity Financial VEL.N jump as much as 11.1%, hitting a record high
** Stock last up 7.4% at $20.28, set for its best day since Nov. 2023, if gains hold
** Late Thursday, VEL reported Q4 core income above analysts' estimates, after missing expectations in the prior quarter
** Wells Fargo Securities says it was good Q4 for VEL as they increased loan production and net interest margin ticked higher
** VEL management says it is seeing strong loan demand as banks limit their lending activities in its target markets
** Stock up 3.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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