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February Multifamily Production $145 Million at ABN AMRO Unit

Mortgage News

ABN AMRO Mortgage Group reported a jump in fundings at its multifamily unit, although production is not far from year-ago levels.

The company announced Friday that production at ABN AMRO Apartment Lending in February was $145 million, up from $139 million in January. Last year at the same time, multifamily production was reported at $143 million.

The company, which is an indirect subsidiary of Holland-based bank, reported total residential and multifamily mortgage production of $11.72 during February.

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