Countrywide Aims for $650B Portfolio

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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