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

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

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.

ABN AMRO Mortgage Group January Production Totals $7.9 billion

All Divisions Show Strong Start to 2002

Significant Year over Year Growth

FOR IMMEDIATE RELEASE -- Ann Arbor, Mich. - February 25, 2002 -- ABN AMRO Mortgage Group, Inc. (AAMG), a subsidiary of ABN AMRO North America, Inc. and the nation's fifth largest mortgage lender, released production figures for the month ended January 31, 2001 for several of its divisions.

"AAMG is off to a strong start again this year, with all divisions posting production increases from last year's strong January numbers," said William A. Newman, executive vice president. "Even with a decline in the overall production environment we continue to see gains at our National Lending Center which had all time record fundings again in January. As was the case with December 2001, production through our mortgage.com consumer portal was the main catalyst for this increase."

ABN AMRO Mortgage Group reported January 2002 production of $7.940 billion, with 50,379 loans funded. This is an increase of 134 percent from January, 2001 production of $3.39 billion.

  • InterFirst Wholesale Mortgage Lending's January 2002 production totaled $6.447 billion, an increase of 118 percent from January 2001.
  • The National Lending Center, AAMG's retention and e-commerce lending operation, funded $723 million, a 4 percent increase over December, 2001's record total of $699 million.
  • LaSalle Home Mortgage and ABN AMRO Mortgage, both consumer-direct
    mortgage lending operations, reported production totaling $254 million in January 2002. LaSalle's production for January represents a 1 percent increase from December 2001 and an increase of 178 percent from January 2001.
  • Standard Federal Bank Retail Lending, servicing customers in Michigan, Ohio and Indiana, funded $372 million in January 2002. This represents an increase of 83 percent over January 2001.
  • ABN AMRO Apartment Lending production totaled $142 million for January 2002, an increase of nearly 60 percent over January 2001.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is the fifth largest loan originator and eighth largest loan servicer in the United States. ABN AMRO Mortgage Group produces mortgage loans and provides related services through its various divisions including InterFirst Wholesale Mortgage Lending, LaSalle Home Mortgage, ABN AMRO Mortgage, ABN AMRO National Lending Center, ABN AMRO Apartment Lending and ABN AMRO Mortgage Capital Markets. ABN AMRO Mortgage Group has more than 2,600 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 (EUR) 614.6 billion and a presence in more than 3,500 locations in over 70 countries and territories. ABN AMRO is organized into three autonomous strategic business units responsible for managing wholesale clients, consumer and commercial clients, and private clients and asset management.

In North America, ABN AMRO is headquartered in Chicago and has nearly $90 billion in assets. Subsidiaries include LaSalle Bank in Chicago, and Standard Federal Bank in Michigan.

Jenn Cornell, Eiler Communications
[email protected]

hosted by USANow.net

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


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

Copyright © 2002 MortgageDaily.com