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APB Mortgage company history timeline

1864

The National Bank Act of 1864 established national bank charters and created greater security for the federal treasury.

1893

In 1893, small state banks started to issue bonds as acknowledgments of debts based on the credit and trust of the debtor alone.

1968

In 1968, the Government National Mortgage Association emerged to bring uniformity to the American mortgage market by bringing financial instruments to keep it afloat.

1970

The birth of the Federal Home Loan Mortgage Corporation occurred in 1970 to help promote home ownership.

2002

Bank One's figures increased by 30 percent from 2002.

2003

The company also has increased its staff to 185 originators and 197 support staff from the 103 originators and 83 support staff company officials reported on last year's list, which was published on June 6, 2003.

Business First's lists of mortgage lenders and brokers, on pages 32 and 35, respectively, show the exuberance of 2003, when rates were at an all-time low.

And the demand hasn't slowed yet, particularly as a result of growth in the purchase market, said Saul Pohn, CEO of First Residential. "We're about on pace volume-wise compared to 2003."

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