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ABN AMRO Mortgage Group Reports Record-Breaking Production for Several Divisions
Overall production up nearly 300 percent, total in excess of $6 billion for April 2001

Ann Arbor, Mich. - May 23, 2001 -- ABN AMRO Mortgage Group, Inc., a subsidiary of ABN AMRO North America, Inc. and the nation's sixth largest mortgage lender, released production figures for the month ended April 30, 2001 for several of its divisions.

"ABN AMRO Mortgage Group's April production eclipsed our most optimistic expectations, resulting in our fourth consecutive record-breaking month," remarked William A. Newman, executive vice president. "With low interest rates, increases to our productive capacity and the recent launch of our mortgage.com consumer portal,
we are excited about our prospects going into the summer."

ABN AMRO Mortgage Group reported April 2001 production of $6.515 billion, with 42,558 loans funded, showing an increase of 12 percent from March 2001 and a 298 percent increase from April 2000 totals.

  • InterFirst Wholesale Mortgage Lending's overall April 2001 production totaled $5.457 billion, up 14 percent from March 2001 production and a 317 percent increase from April 2000 totals. April 2001 is the fourth consecutive month InterFirst has achieved an all-time production high.
  • AAMG National Lending Center, a retention and e-commerce lending operation, funded $184 million, an increase of 57 percent from March 2001 production and 452 percent more than April 2000. This, too, represents the fourth consecutive month of all-time high production for the National Lending Center.
  • LaSalle Home Mortgage and its Minnesota based operation, ABN AMRO Mortgage, both consumer-direct mortgage lending operations, funded $199 million, nearly equal to the record-breaking production it achieved in March 2001, representing a 185 percent increase from April 2000.
  • Standard Federal Bank Retail Lending, servicing customers in Michigan, Ohio and Indiana, reported one of its highest total productions, totaling $586 million, an increase of $6 million from March 2001 and 194 percent increase from April 2000.
  • ABN AMRO Apartment Lending production totaled $87 million for April 2001, an increase of 224 percent from April 2000.

About ABN AMRO Mortgage Group, Inc.
Headquartered in Ann Arbor, Michigan, ABN AMRO Mortgage Group, Inc. is the sixth largest loan originator and the tenth largest loan servicer in the United States. ABN AMRO Mortgage Group, Inc. produces mortgage loans and provides related services through its various divisions including InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, ABN AMRO Mortgage, AAMG National Lending Center, Standard Federal Bank Retail Lending, ABN AMRO Apartment Lending and AAMG Capital Markets. ABN AMRO Mortgage Group, Inc. has over 2300 employees located throughout the United States.

ABN AMRO Mortgage Group, Inc. is an indirect subsidiary of Netherlands-based ABN AMRO Bank N.V., one of the world's largest banks with total assets of more than (USD) $505 billion and more than 3,500 locations in 70 countries and territories. ABN AMRO's activities are grouped into three strategic business units: Wholesale Clients, which provides integrated corporate and investment banking services to corporate, financial institutions and public sector clients worldwide; Consumer & Commercial Clients, which focuses on retail and small to medium-size clients in a number of core markets; and Private Clients & Asset Management, which focuses on private banking and fund management clients globally.

In North America, ABN AMRO is headquartered in Chicago and has USD $183 billion in assets and more than 19,000 employees with offices serving wholesale clients in 13 cities in the U.S., Canada and Mexico. Major North American subsidiaries include ABN AMRO Incorporated, ABN AMRO Asset Management (USA) LLC, LaSalle Bank in Chicago, Standard Federal Bank and Michigan National Bank in Michigan.

Jenn Cornell
Account Executive
Eiler Communications
900 Victor's Way, Suite 180
Ann Arbor, Michigan 48108
734.761.3724 fax
[email protected]

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