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

Mortgage News

 

Mortgage News

HOT Topics

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
twitter linkedin
facebook google+
Search:

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.


Countrywide Breaks Three Records

April production $35.8 billion

May 10, 2004

By MortgageDaily.com staff


Month-to-month loan fundings were up at Countrywide Financial Corp., with record levels of activity achieved in subprime fundings, home equity fundings and ARM fundings.

The Calabasas, Calif.-based thrift reported last month's loan fundings totaled $35.8 billion, up from March's $32.3 billion. However, the total is below volume of $42.3 billion a year earlier.

"Our scalable production infrastructure enabled the Company to generate loan origination volume during this latest mini refi boom," chief executive officer Stanford Kurland said in a written statement. "Equally important, our ability to grow purchase market share and recapture loans that refinance fuel growth in our servicing portfolio."

Purchase fundings reached a record high of $14 billion, while non-purchase loans made up nearly $22 billion, according to the report.

Countrywide said correspondent fundings contributed $14.4 billion to the latest volume, consumer market fundings aggregated $11.1 billion and wholesale loan volume accounted for $7.7 billion. Capital Markets and Treasury Bank fundings made up the rest.

Adjustable-rate loan production was $16 billion for the month, home equity fundings totaled $2 billion, and subprime volume $3 billion, the lender said, adding that each category reached new record monthly funding levels.

The size of the servicing portfolio was reported at $694 billion -- 33% greater than a year ago. April delinquency edged down 1 basis point from the previous month to 3.19%, while foreclosures pending fell 4 basis points to 0.38%.

Countrywide said it was the top loan originator during the first quarter with a market share of 13% -- nearly 2 percentage points greater than the next closest competitor -- and concluded that "April's operating results provide an early indication of solid performance in the second quarter as well."



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

MBS

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