Despite a declining mortgage lending environment and tighter spreads, the Mortgage Bankers Association continued to report strong financial results for the first nine months of its 2005 fiscal year. Meanwhile, the trade group’s reserve fund has climbed to a record level. For the nine-month period ending June 30, the MBA reported a healthy $8.6 million in net operating income. While this was down from $9.7 million for the same period a year earlier when mortgage…