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ABN AMRO Mortgage Group Announces Fifth Consecutive Record-Breaking Month

$504 billion increase from April on heels of Mortgage.com launch, naming of InterFirst as nation's top broker lender

Ann Arbor, Mich. - June 13, 2001 -- ABN AMRO Mortgage Group, Inc. (news), a subsidiary of ABN AMRO North America, Inc. and the nation's sixth largest mortgage lender, released production figures for the month ended May 31, 2001 for several of its divisions.

"This is an exciting time to be part of ABN AMRO Mortgage Group," explained William Newman, executive vice president. "Production levels increased for all of our divisions, including InterFirst Wholesale Mortgage Lending and AAMG National Loan Center, both of which experienced a fifth consecutive record-breaking month. The presence of the recently launched Mortgage.com is clearly displayed in National Loan Center's increased production, reinforcing the viability of our consumer direct Internet-based portal."

ABN AMRO Mortgage Group reported May 2001 production of $7.019 billion, with 46,728 loans funded, showing an increase of 7.75 percent from April 2001 and a 264 percent increase from May 2000 totals. ABN AMRO Mortgage Group's retail lending divisions broke an all-time record by surpassing $1 billion in production.

  • InterFirst Wholesale Mortgage Lending's overall May 2001 production totaled $5.766 billion, up nearly 6 percent from April 2001 production and a 279 percent increase from May 2000 totals. May 2001 is the fifth consecutive month InterFirst has achieved an all-time production high. As a result of its impressive first quarter production levels, InterFirst was recently recognized as the nation's top broker lender.
  • AAMG National Lending Center, a retention and e-commerce lending operation, funded $285 million, an increase of 54 percent from April 2001 production and an amazing 666 percent increase over May 2000. This, too, represents the fifth 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 $261 million, breaking all previous records by 61 percent, and a remarkable 220 percent increase from the same period in 2000.
  • Standard Federal Bank Retail Lending, servicing customers in Michigan, Ohio and Indiana, reported another strong production month, totaling $613 million for May 2001, an increase of $26 million, or 4.5 percent, from April 2001 and 139 percent increase from May 2000.
  • ABN AMRO Apartment Lending production totaled $95 million for May 2001, an increase of 9 percent from April 2001 and more than 213 percent over production totals for the same period last year.

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 $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 $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, and Standard Federal Bank and Michigan National Bank in Michigan.

CONTACT:
Jenn Cornell -- Account Executive
Eiler Communications
900 Victor's Way, Suite 180
Ann Arbor, Michigan 48108

734.761.3399
734.761.3724 fax

[email protected]

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