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Article: Sanwa Bank California Posts Highest-Ever Jump in Quarterly Mortgage Loans, First-Time Home Buyers Lead Surge
- Article from:
- PR Newswire
- Article date:
- May 15, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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LOS ANGELES, May 15 /PRNewswire/ -- Surging demand for mortgage loans from first-time home buyers pushed Sanwa Bank California's mortgage fundings for the first three months of 1997 to their highest first-quarter levels ever, bank officials reported today. Additionally, Sanwa's April mortgage fundings were the highest one-month tally posted by Sanwa since 1993.
Sanwa officials attribute its first-quarter success to a number of factors, including proactive campaigns by its more than 100 branches, the most competitive first-time home buyer program of any major financial institution in California, strong ties to the Realtor community, and a variety of fixed- ...