Industry News

Countrywide boosts profits despite falling loan volume

Loan servicing helps keep lender profitable
Published on Jul 25, 2006

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by CareyBot

Countrywide Financial Corp. managed to boost profits by 27 percent in the second quarter of 2006 despite rising interest rates and a 3 percent decline in loan volume, the company announced today. The Calabasas, Calif.-based lender reported earnings of $722 ...