Resource Bancshares Mortgage Group Inc. last week reported $16.5 billion of loan production for 1998, a 53.5% increase over 1997.

Subprime loan production totaled $607.7 million, up from $339.6 million in 1997. December loan production was $1.5 billion, a 37% increase over a year earlier. Subprime loan production for the month was $63.7 million, compared with $38.8 million in December 1997.

Resource Bancshares' mortgage portfolio grew to $9.9 billion from $7.1 billion at the end of 1997.

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