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Article: Loans soar 32% at North American.(North American Mortgage Co., September 1995 lending statistics)(Brief Article)
- Article from:
- American Banker
- Article date:
- October 9, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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North American Mortgage Co., Santa Rosa, Calif., reported that its September loan fundings rose 32% from a year earlier, to $724 million.
In a press release, North American said September loan applications rose 42%, to $1.17 billion, from $825 million a year earlier.
North American, the nation's second-largest mortgage banking company, said average daily loan application volume in September rose 4% compared with the average daily volume in August.
As of Sept. 30, the company's owned loan servicing portfolio was at $14.5 billion, down 5% from a year ...