Industry News

Countrywide’s September loan fundings down 44%

Lender cut 4,573 positions in loan originations in one month
Published on Oct 11, 2007

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by CareyBot

Countrywide Financial Corp. said today it laid off nearly 5,000 workers in originations during September as mortgage loan fundings fell 44 percent from a year ago to $21 billion. Delinquency rates on Countrywide’s $1.46 trillion servicing portfolio also jumped to ...