Industry News

ABN AMRO reports April loan production

Total amounts to $8.2 billion, 45,000 loans

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

ABN AMRO Mortgage Group, one of the nation's largest mortgage lenders, reported an April residential mortgage production of $8.2 billion, with more than 45,500 loans funded. Meet Garth Graham, SVP E-Commerce, ABN AMRO Mortgage Group Inc., at Real Estate Connect on July 29, where he will participate in the Mortgage Track at 4:30 p.m. The company's year-to-date production (January through April 30) totals $21.5 billion. ABN AMRO's mortgage production grew in each successive month of the first quarter of 2004 and continued to climb through April, said Mike Maher, group senior VP. The April production represents a $2 billion increase from March production totals, he said. As expected, the company's year-to-date production is lower than 2003's total. Mortgage market volume forecasts for 2004 remain below 2003 levels due to the sharp drop in refinance activity, Maher said. The record-level sales of existing homes have helped support the company's 2004 production, Maher said. *** Send tips...