ABN AMRO Apartment Lending reported dips in January production from the previous month and year.
The multifamily lending division of ABN AMRO Mortgage Group, Inc. originated $139 million in loans, a 12.6% fall from December’s $159 million.
The January total also represents a slight decrease from the $142 million produced during the same time last year.
ABN AMRO Mortgage is based in Ann Arbor, Mich., and is an indirect subsidiary of Netherlands-based ABN AMRO Bank N.V.
Shares of the parent ABN AMRO fell $0.31 to $15.31 during midday trading, according to CBSMarketwatch.com.
