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.
-
Christopher J. Gallo, formerly of NJ Lenders Corp., generated billions of dollars in loan volume over a five-year stretch that prosecutors scrutinized.
July 30 -
The Wall Street Journal reported federal whistleblower allegations exist, citing unnamed sources and viewed documents, but the firm said it has seen no proof.
July 30 -
The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.
July 30 -
Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.
July 30 -
The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.
July 30 -
The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.
July 30









