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by CareyBot

ABN AMRO Mortgage Group's 2004 loan production totals plunged 57 percent from the previous year, the company reported Wednesday. The lender's total production for 2004 was $56.5 billion, compared to $131 billion in 2003. December 2004 production was down 36 percent from the previous month, at $3.7 billion compared to $5.8 million in December 2003. Only the company's Financial Institutions Group showed positive growth, pulling in $427 million in production for 2004, a 103 percent increase from 2003's $210 million in production. The group had $34 million in production in December 2004, compared to $23 million in December 2004, a 48 percent gain. Otherwise, the drop in production was across the company's business channels both yearly and monthly. InterFirst Wholesale Lending dropped 41 p...