Countrywide Financial Corp., Calabasas, Calif., hopes to service $650 billion of home loans by the end of this year, chairman Angelo Mozilo told investors at the company's annual meeting.Mr. Mozilo said the company has experienced "the largest amount of servicing portfolio growth among the 10 largest servicers" over the past year. At the end of May, Countrywide serviced $537 billion of home loans for more than four million customers, up from $452 billion at the end of 2002. The company can be found online at http://www.countrywide.com.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
September 18 -
Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
September 18 -
With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
September 17 -
Last week's bond market turmoil continued leading up to the FOMC decision on Wednesday, pushing the 30-year fixed to near or over 7%, depending on the source.
September 17 -
The Securities and Exchange Commission said Rule 14a-8 exceeds its statutory authority and intrudes on matters of state law. Shareholder advocacy groups, however, argue that repealing the rule could reduce transparency.
September 17 -
Brian Johnson's nomination to lead the Consumer Financial Protection Bureau advanced to the full Senate Thursday morning in a party-line vote.
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