September brought a decrease in commercial mortgage fundings for ABN AMRO Mortgage Group Inc.
The Dutch-banking subsidiary reported its division, ABN AMRO/InterFirst Apartment Lending, closed $159 million in commercial loans in September. This represents a decline from the prior month's $166 million, but a sharp 66% increase from $96 million in September of 2002.
The division's year-to-date volume edged up 3% from last September to $1.4 billion, according to reports.
The decreased commercial fundings come as ABN AMRO's overall production, which totaled $8.3 billion, decreased sharply from August's $12.3 billion.