Commercial loan fundings took a downturn along with total production for ABN AMRO Mortgage Group Inc.
The group reported its division, ABN AMRO/InterFirst Apartment Lending, had commercial loan volume of $136 million in October, dropping from the previous month's $159 million. But, the total is up from $119 million a year ago.
The division has closed $1.5 billion in loans year-to-date, nudging up 4% from the same period last year, reported the Dutch-banking subsidiary.
October volume from all ABN AMRO mortgage origination channels totaled $6.8 billion, dropping from $8.3 billion in September, according to the company, which says it is the sixth largest mortgage lender in the nation.