| Multifamily Production Down at Washington Mutual
1st quarter production $1.8 billion April 16, 2003 By MortgageDaily.com staff |
| Multifamily production fell at the nation’s ninth largest multifamily servicer.
Washington Mutual, Inc. reported in its first quarter earnings announcement that multifamily production was $1.8 billion, 3.5% below the previous quarter. Multifamily fundings were double the level of the prior year. The Seattle-based provider of consumer financial services held the 9th spot in the Mortgage Bankers Association of America’s ranking of multifamily and commercial loan servicers for 2002. The company reported that total real estate loan production, including multifamily loans, was $105.7 billion. |
