ABN AMRO production drops 69%

ABN AMRO Mortgage Group today reported June 2004 production of $4.7 billion, with more than 32,000 loans funded, through all its production divisions.

That's a 69 percent drop from the $14.8 billion in loans the company funded in June 2003.

The company's production for the second quarter of 2004 totaled $19.4 billion, an increase of 32 percent over the first quarter of this year. It is a 50 percent drop, however, from June 2003 production of $38.7 billion.

AAMG's year-to-date production totals $34.1 billion.

"AAMG is aggressively pursuing customer and partner relationship management strategies that strengthen its core business units and business practices," said Mike Maher, group senior VP.

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