Fremont Bank said Friday that it has made $800 million in home mortgages in the past 90 days.
The loans went to 3,600 borrowers and the bank expects to provide an additional 15,000 to 20,000 homeowners the ability to refinance by year-end.
The figures show that community banks are participating in the mortgage lending boom as mortgage rates fall to the lowest levels in years. Wells Fargo (NYSE: WFC) said Thursday that it expects record first-quarter profit resulting from its purchase of Wachovia and its brisk mortgage business.
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