|Life is Good in Calabasas
Countrywide reports monthly summary
March 12, 2003
By MortgageDaily.com staff
|Loan fundings continued at a frantic pace at one of the country’s largest lenders. Countrywide Financial Corporation announced that loan fundings exceeded $30 billion for the fifth consecutive month.
The Calabasas, California mortgage banking concern reported $31 billion in loan fundings during February, a month with just 19 working days.
Purchase fundings, which could likely become the bulk of Countrywide’s business in the event rates head up, were $6.6 billion.
The company’s servicing portfolio reached $484 billion.
So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...