home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

Record Activity At Countrywide

Fundings were $9.6 billion in March

April 10, 2001


Seizing "the opportunity presented by the current refinance boom", Countrywide Credit Industries, Inc.'s (NYSE: CCR) chief operating officer, Stanford L. Kurland, announced yesterday that mortgage fundings reached $9.6 billion in March, the highest ever for the company. The previous record was set in December 1998, when it funded $9.4 billion.

March fundings for the Calabasas, California company were twenty nine percent higher than fundings during February, which were $7.4 billion. Compared to March 2000, fundings were up almost ninety percent. Forty five percent of the total mortgage volume was e-commerce fundings at $4.3 billion.

Growth for the mortgage giant was fueled by refinances, which represented fifty seven percent of total volume. Mr. Kurland indicated that fundings exceeded prepayments by $3.0 billion during March.

Origination By Segment
(in millions)
Mar 2001
Feb 2001
Mar 2000
consumer markets
wholesale lending
consumer markets e-commerce fundings
wholesale markets e-commerce fundings
total fundings all sources

Growth in the company's loan closing services division was led by credit reports, which increased more than twenty five percent from February.

Loan Closing Services
(in units)
Mar 2001
Feb 2001
Mar 2000
credit reports
title reports
flood determinations 80,531

The domestic subservicing portfolio reached $296 billion in March, including portfolios of Countrywide and others.

In a separate announcement, Countrywide today said that it has received conditional approval from the Office of the Comptroller of the Currency for the acquisition of Treasury Bank. The company said this is a significant step forward in its evolution into a fully diversified financial services provider.

Sam Garcia has been in mortgage lending since 1980, and is managing editor of MortgageDaily.com. He also owns and operates CloseNow.com, a real estate portal site.

email: [email protected]

hosted by USANow.net

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders