Industry News

Countrywide cuts back on pay-option, ARM loan funding

Refis drive 13% seasonal growth in January mortgage funding
Published on Feb 9, 2007

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by CareyBot

Despite a drastic cutback in pay-option loans, Countrywide Financial Corp. saw a 13 percent increase in loan fundings in January compared to the same month last year, to $37.1 billion, the company announced today. Countrywide, which funded $6.9 billion in ...