Industry News

Refis, HELOCs boost Countrywide’s loan production

Lender cuts back on subprime and 'exotic' loans
Published on Jun 12, 2007

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A boom in nonpurchase loans helped Countrywide Financial Corp. boost residential mortgage loan funding in May to $44 billion, a 15 percent increase from last year. Purchase loan volume for the year to date is down, but Countrywide has more ...