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.

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.

3rd Consecutive Production Record at ABN AMRO

YTD activity up nearly 50% from last year

November 19, 2002

By MortgageDaily.com staff

ABN AMRO Mortgage Group, Inc. announced production increases for the month of October, led by the year-to-date (YTD) totals of its wholesale lending operation and its retention and e-commerce lending division.

ABN AMRO reported $15.56 billion in lending for the month, a 22% increase from September's production of $12.76 billion. YTD, the company reported $94.1 billion, an almost 49% jump from last year.

"The diversification of [the company's] product offerings has significantly contributed to gains in market share and production," said William A. Newman, executive vice president and CEO of ABN AMRO Mortgage.

InterFirst's YTD total for the month ending Oct. 31 boasts a 50% increase from the same time last year -- $79.15 billion from $52.62 billion. The month of October's production totaled a record $13.02 billion, a 22% increase from September's $10.69 billion.

October marked the third month in a row that InterFirst Wholesale Mortgage Lending broke its all-time production record.

Stealing the increase spotlight is The National Lending Center, ABN AMRO Mortgage's retention and e-commerce lending operation. YTD, the subsidiary's production totaled $5.52 billion, a 104% vault from last year's YTD of $2.71 billion. It funded $907 million in loans during October, 36% rise from September's $668 million, the announcement said.

LaSalle Home Mortgage and ABN AMRO Mortgage, both consumer-direct mortgage lending subsidiaries, reported production totaling $285 million for October. LaSalle's production grew 50% from September's $190 million. LaSalle's YTD totaled $1.93 billion, which matches the YTD total during the same time last year, the announcement said.

On the commercial side, ABN AMRO Apartment Lending produced $119 million in loans during October, an increase of 24% from the previous month. Its YTD production totaled $1.46 billion, a 29% increase from the $1.13 billion during the same time last year.

Standard Federal Bank Retail Lending funded $1.23 billion during October, representing an 11% increase from September. The bank's YTD production totaled almost $6 billion, a 27% increase from last year's $4.73 billion. Standard Federal Bank services borrowers in Michigan, Ohio, and Indiana, the announcement said.

During morning trading, ABN AMRO Mortgage Group, Inc. was down $0.13 at $15.27, according to CBS.MarketWatch.com.

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