Resource Bancshares Mortgage Group Inc. said its April loan production was down 35% from a year earlier, to $900 million.

Resource's subprime mortgage production was up 43%, to $67.5 million. Production for the four months that ended April 30 was down 20%, to $4.4 billion, Resource said.

At April 30, Resource's agency-eligible servicing portfolio totaled $10.0 billion, up 8% from a year earlier. The portfolio's delinquency rate was 1.77%.

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