home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


ABN AMRO Reverses Production Spiral

$3.6 billion November production

January 13, 2005

By MortgageDaily.com staff


An improved ABN AMRO Mortgage Group Inc. product menu is credited for the first increase in production since last spring. Among the programs currently in demand are home equity loans, interest-only mortgages and ARMs.

The Michigan-based lender announced Wednesday that production totaled $3.6 billion in November, up $0.3 billion from the previous month. The figure, however, is off 29% from the prior year.

More than 23,700 loans made up the latest volume, according to the announcement.

Except for August, when volume neither increased or decreased from the previous month, ABN AMRO's fundings had reportedly fallen every month since April.

Company executive Mike Maher indicated the uptick was due to its actions in recent months that "significantly improved" the variety of products available through each of its lending channels. Such products included home equity lines of credit and adjustable-rate products.

ABN AMRO "is experiencing increased consumer interest in both interest-only and amortizing adjustable-rate mortgages, as well as home equity and second mortgage products," Maher said. "This wide range of consumer needs supports [the company's] focus on diversifying its customer base, including those in emerging markets, in 2005."

InterFirst Wholesale Lending originated $2.5 billion of November's volume, the parent company reported, while nearly $0.9 billion came from National Lending Center and Standard Federal Bank & LaSalle Bank Loan Origination Channels. The Financial Institutions Group aggregated the remaining portion.



SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter

MBS

mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders