Loan business continued its record-smashing levels for Countrywide, according to the company's April production report.
Loan fundings for Countrywide Financial Corporation totaled $42 billion for the month, up 12 percent from the record-setting $38 billion figure in March, according to the report.
A slowdown occurred, however, in the California-based company's average daily application rate, down to $2.3 billion from March's $2.7 billion, the reports showed. Still, the April number ranked the second-highest in the company's history, the statement said.
Also, production pipeline closing totals edged downward in April, to $57 billion from March's $59 billion, according to the company's monthly production reports.
The company's loan servicing portfolio scored a new record, totaling $520 billion at month's end, the statement said.