Your English writing platform
Discover LudwigExact(24)
But loan production was higher earlier in the year, peaking at $139 billion in the third quarter.
Shoreline Financial, based in Benton Harbor, Mich., a holding company for Shoreline Bank, operates 32 branches in southwestern Michigan and a loan production office in Indiana.
At the end of June, the company had 33,800 employees in its loan production business, up from 32,500 12 months before.
By this time, loan production at NovaStar was clocking $600 million a month, up from $48 million a month five years earlier.
Office does not include a representative office of a foreign commercial bank, an electronic terminal, a loan production office, or any office of a depository holding company.
The amount of loans that the company agreed to buy was up from $16.4 billion in September, when loan production was down because of the terrorist attacks, and exceeds the previous high of $30.2 billion in October 1998.
Similar(36)
REUTERS BREAKINGVIEWS Wells Fargo Cutting Jobs in Mortgage Business | Wells Fargo "is eliminating about 1,800 more jobs in its home-loan production business as rising mortgage rates curtail borrowers' demand for refinancing," Bloomberg News reports.
"What consumers are seeing for the first time is a rapid rise in rates," said Anthony Meola, executive vice president for home loans production at Washington Mutual, a big servicer of home loans.
The bank has had a loan- production office in Long Beach since August , 1983 in anticipation of the move.
Pacific Union has about $1 billion in assets, with 12 full-service branches in Los Angeles County, Orange County, San Francisco and Santa Clara, Calif., as well as a loan-production office in Seattle.
The electricity industry won't build much of anything these days without government help, in the form of loan guarantees, production tax credits, guaranteed markets, or, preferably, all three.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com