Subprime Production up at Countrywide
Home equity fundings edge down November 12, 2003 By MortgageDaily.com staff |
Subprime production at Countrywide continued to defy it’s overall fundings.
National mortgage lender Countrywide Financial Corporation reported subprime fundings of $2.4 billion in October. The total is up slightly from September’s $2.2 billion, and more than double the $1.0 billion a year ago. Home equity fundings of $1.8 billion nudged down from $1.9 billion the prior month. Last October, this sector had a volume of $1.1 billion, according to the company’s report. Meanwhile, “a continued slowing of refinance activity in the market place” contributed to the “expected” decrease in overall loan fundings, which fell from September’s $33 billion mark to $29 billion, reported the Calabasas-based lender. |
FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.
Amortization Calculator
Affordability Calculator
Mortgage Calculator
Refinance Calculator
FHA Mortgage Calculator
VA Mortgage Calculator
Real Estate Calculator
Tags
Pre-Approval Resources!
Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…
Resource Center
Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.
TOP SEARCHED TOPICS
Your mortgages approval starts here.
Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.
Stay Up To Date with Today’s Latest Rates
Mortgage
Today’s rates starting at
Home Refinance
Today’s rates starting at
Home Equity
Today’s rates starting at
HELOC
Today’s rates starting at