4th quarter production $4.7 billion
By MortgageDaily.com staff
2/14/2006

Mortgage brokers helped Accredited Home Lenders achieve record loan production.

Fourth quarter mortgage production was a milestone $4.7 billion, climbing $0.2 billion from the previous period, according to Accredited's earnings announcement today. The latest figures are about a third better than reported a year prior.

Record full-year fundings of $16.6 billion rose from $12.4 billion during 2004, the San Diego-based company reported.

Brokers generated 90% of last year's volume, Accredited said, and the rest came from retail originations.

Accredited said 30-day delinquency at yearend on its $9.7 billion servicing portfolio was 2.47%.

The company reported net income of $43.3 million for the fourth quarter.

Commenting on what has been a difficult year for the real estate finance sector, Chairman and CEO James Konrath said, "We expect 2006 to present an equally challenging environment."

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