Industry News

Countrywide taps $11.5 billion credit line

Loan production being shifted to banking division
Published on Aug 16, 2007

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by CareyBot

Countrywide Financial Corp. has borrowed $11.5 billion from 40 of the world’s largest banks and is speeding up plans to move its mortgage loan production over to its banking division, Countrywide Bank FSB. The move — announced a day after ...