Industry News

Countrywide’s real estate loan production falls 19%

ARMs take biggest hit, down significantly from last year
Published on Aug 9, 2006

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by CareyBot

Countrywide Financial Corp. reported Wednesday that mortgage loan funding in July totaled $36 billion, a 19 percent decline from the same month last year. The number of adjustable-rate loans funded in July plummeted 27 percent to $16.9 billion. At $125 ...