Industry News

ABN AMRO production drops 69%

June loan funding at $4.7 billion

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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. *** Send tips or a Letter to the Editor to or call (510) 658-9252, ext. 140....