Subprime Segment Soars at Countrywide
$2.2 billion funded in September
October 14, 2003
By MortgageDaily.com staff
Contrary to Countrywide’s conventional mortgage production, rising rates did not hurt subprime lending.
The national mortgage originator, formally known as Countrywide Financial Corp., reported subprime fundings of $2.2 billion during September, a substantial increase from August’s $1.7 billion