ABN AMRO Mortgage Group reported a jump in fundings at its multifamily unit, although production is not far from year-ago levels.
The company announced Friday that production at ABN AMRO Apartment Lending in February was $145 million, up from $139 million in January. Last year at the same time, multifamily production was reported at $143 million.
The company, which is an indirect subsidiary of Holland-based bank, reported total residential and multifamily mortgage production of $11.72 during February.