Industry News

Countrywide loan production falls 14% in July

Delinquencies, foreclosures impact new mortgage fundings
Published on Aug 14, 2007

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by CareyBot

Mortgage loans funded by Countrywide Financial Corp. fell below the $40 billion-a-month mark in July for the first time since February, the company said Tuesday, while foreclosures as a percentage of principal balance surged through the 1 percent threshold. The ...