ANN ARBOR, Mich., Jan. 6 /PRNewswire/ -- ABN AMRO Mortgage Group, Inc.
(AAMG), the nation's sixth largest mortgage lender, today released its
production for the month ended November 30, 2003, for all of its production
divisions.
AAMG reported November 2003 production of $5.1 billion, with more than
30,600 loans funded. Year-to-date (January 1, 2003 through November 30,
2003), AAMG's production totaled $120.2 billion.
"Despite the recent market normalization which has slowed current
production levels, AAMG's 2003 production will surpass all previous years.
With December's production still to be realized, AAMG has already surpassed
its 2002 record production," said Mike Maher, group senior vice president.
"This significant accomplishment can be attributed to AAMG's commitment to
exceeding customers' expectations," Maher continued. "Consumers and brokers
alike benefit from AAMG's dedication to making the loan process clear, concise
and efficient."
Production derived from each of AAMG's five business channels:
MONTH
Channel November 2003 November 2002 % Change
InterFirst Wholesale
Lending $4.1 billion $10.4 billion -61%
National Lending Center $573 million $878 million -35%
Standard Federal Bank $263 million $1 billion -74%
& LaSalle Bank Loan
Origination Channels
LaSalle Home Mortgage $82 million $295 million -72%
& ABN AMRO Mortgage
ABN AMRO/InterFirst $70 million $123 million -43%
Apartment Lending
Financial Institutions $20 million N/A N/A
Group
TOTAL $5.1 billion $12.7 billion -60%
YEAR-TO-DATE
Channel YTD 2003 YTD 2002 % Change
InterFirst Wholesale
Lending $94 billion $89.5 billion 5%
National Lending Center $11.1 billion $6.4 billion 73%
Standard Federal Bank $11 billion $7 billion 57%
& LaSalle Bank
LaSalle Home Mortgage $2.3 billion $2.2 billion 4.5%
& ABN AMRO Mortgage
ABN AMRO/InterFirst $1.6 billion $1.6 billion 0%
Apartment Lending
Financial Institutions $187 million N/A N/A
Group
TOTAL $120.2 billion $106.7 billion 13%
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is the sixth largest loan originator and loan
servicer in the United States. ABN AMRO Mortgage Group produces mortgage
loans and provides related services through its various divisions. ABN AMRO
Mortgage Group has more than 3,000 employees located throughout the United
States.
About ABN AMRO
Netherlands-based ABN AMRO is a leading international bank with total
assets of approx. EUR 556 billion. It has over 3,000 branches in 66 countries
and territories, and has a staff of about 105,000 full-time equivalents
worldwide.
SOURCE ABN AMRO Mortgage Group, Inc.
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Related links: http://www.abnamro.com
CONTACT: Jennifer Cornell of Eiler Communications, +1-734-761-3399 or Jenn@EilerPR.com , for ABN AMRO Mortgage Group, Inc.
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