North American Mortgage Co. had a strong year in earnings despite stiff price competition from big banks in its service area, the company's top executives said last week.

North American originated $2.4 billion of home loans in the fourth quarter, a rise of 64% from originations in the period a year earlier, said Terrance G. Hodel, president of the Santa Rosa, Calif., company. For the year, however, originations slipped 8%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.