COLUMBIA, S.C. Resource Bancshares Mortgage Group said Thursday that its April production had increased to $1.152 billion, up 141% from the same period last year.
The company said its mortgage loan pipeline was $1.8 billion for the month, compared with $1 billion on April 30, 2000. In addition, Resources servicing portfolio rose almost 10%, to $8.9 billion.
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The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
