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Abn Amro Mortgage

IQPC Australia: Mortgage Processing 2009 Video Highlights

Video Highlights from IQPC Australia's Fifth Annual Mortgage Processing - February 2009. Operating efficiency and customer service delivery ...

Why ING is turning back to insurance

ING’s announcement in June of a new insurance distribution agreement with France’s Axa comes after a tough period for the Dutch lender.

Its share price performance has been worse than any other large-cap bank in Europe, notes Citi research. In June it slipped below consensus 2018 book value, according to Berenberg. ING underperformed the European Stoxx Banks 600 index by 8% in the 12 months to mid-June. Other Benelux banks, on the other hand, continued to outperform. ABN Amro beat the index by 10% and KBC by 8%.

One problem is that fading expectations for imminently higher ECB rates have hurt an expected recovery in interest margins. ING’s bigger size makes it better known internationally and so more likely to attract US speculation on a rate-led European bank recovery – particularly given that, according to Credit Suisse, it relies on net interest income for more than 70% of revenues, versus a European average of about 55%.

What percentage of Mortgages does CitiMortgage sell?

My mortgage has been sold to CitiMortgage, along with basically all of ABN Amro's mortgage business.

I have had mortgages with ABN Amro for the past decade, I liked their service, and they never sold my mortgage.

CitiMortgage, like Country Wide disclose 0% - 25% turnover. Here's the kicker. If they sell your loan you will probably not even know as both Citi and CWBC are two of the biggest "Servicers" in the country. 99.