Subprime Fundings Edge Down at Countrywide
Home equity fundings & subprime fundings each $1.1 billion February 13, 2003 By MortgageDaily.com staff |
Countrywide Financial Corporation announced its January subprime funding total, which was just an arm’s length away from December’s production.
Subprime fundings reached $1.1 billion last month, just shy of December’s $1.2 billion. It’s up 50% from the $742 million closed last year at this time, however. Home Equity Fundings also reached $1.1 billion during January, up from $0.8 billion a year ago. “We commenced 2003 with a month of solid operational performance across all of our business lines,” CEO Stanford L. Kurland said. The total servicing portfolio of the Calabasas, Calif.-based company hit a record $469 billion in January. Its mortgage loan pipeline closed at $48.2 billion by January’s end, which more than doubled last year’s $23.0 billion. Shares of Countrywide were down $0.09 at $53.17 during midday trading, according to CBSMarketwatch.com. |
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