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by CareyBot

ABN AMRO Mortgage Group, one of the nation's top mortgage lenders, today reported that its total residential production for August was $4.1 billion, down 68 percent from a year ago but unchanged from the previous month. In August 2003, the lender had $13 billion in total residential mortgage production. AAMG's year-to-date production (Jan. 1 through Aug. 31, 2004) totaled $42.4 billion, down 59 percent from the same period last year when the company had $103 billion in production totals. AAMG reported more than 28,500 loans funded last month. "Contrary to previous months when overall production declined month-to-month, AAMG's production from June through August was stable," said Mike Maher, group senior vice president, ABN AMRO Mortgage Group. "In recent weeks, however, new applicati...