At a company investors conference March 30, Countrywide said the company hopes to more than double annual pretax earnings to $7.5 billion by 2008.This year, Countrywide estimates that it will earn $3.5 billion on a pretax basis. The company also hopes to have $250 billion in assets by 2008, up from $98 billion in 2003. And Countrywide said it is aiming for an origination market share of 30%, compared with 11.7% today, and a servicing portfolio of $1.9 trillion in home loans, up from $645 billion at the end of last year.
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