Resource Bancshares Mortgage Group, said its July loan production was $934.5 million, a 21% increase from the year before. The latest figures include $33.2 million of subprime volume, a line of business the company entered this year.

For the seven months ended July 31, mortgage production was $5.8 billion, a 10% decrease from last year. Subprime mortgage loan production was $167 million.

Showing indications of a pickup, the company said its locked mortgage pipeline-loans that have been booked but not yet closed-totaled $1.1 billion at July 31, compared with $767.3 million a year earlier.

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.