Countrywide Making Cash Calls on Some

Countrywide Home Loans, Calabasas, Calif., is reviewing its practice of providing warehouse lines of credit to correspondent mortgage banking firms that also sell loans to the company, industry sources have told MortgageWire.One source close to Countrywide said it has made "cash calls" on certain lenders that it has done business with. Countrywide spokesman Rick Simon did not return a telephone call and an e-mail message about the matter by deadline time. Countrywide is by far the nation's largest correspondent buyer of mortgages, according to the Quarterly Data Report. As a practice, Countrywide does not disclose its warehouse commitments to National Mortgage News, which surveys the warehouse community on a quarterly basis. The company can be found online at http://www.countrywide.com.