|Subprime Production Jumps at Countrywide
Home equity fundings strong
April 9, 2003
By MortgageDaily.com staff
|After falling last month, one of the nation’s biggest conforming lenders saw subprime fundings increase in March to the highest level this year.
Countrywide said fundings of home equity loans reached nearly $1.3 billion compared to $1.1 billion the prior month.
The mortgage giant reported that total mortgage production, including conforming and subprime, reached $38 billion in March.
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,...