Mortgage Daily

Published On: March 12, 2003
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.

Countrywide’s February production was more than double the $14 billion funded February 2002, but down from $33.7 billion January and $35.2 billion in December.

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.

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.

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 Days with Today’s Latest Rates

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN