Industry NewsMortgage

Refis help Countrywide fund most loans since August

Purchase loans hit new low in February
Published on Mar 13, 2008

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by CareyBot

Countrywide Financial Corp. released numbers today showing a refinancing boom helped push February mortgage loan fundings up 16.9 percent from the month before, to $25.6 billion, but purchase-loan activity fell to a new low. Countrywide said refinancings grew 29.2 percent ...