January was the third-best month ever in terms of loan production for Countrywide Financial Corp., Calabasas, Calif.Loan fundings reached $33.7 billion, an increase of 127% from the $14.8 billion funded in the same month last year, the company reported. Purchase fundings were $7.8 billion, up 61% from $4.8 billion in January 2001. In 12 months, Countrywide's servicing portfolio grew by 37%, from $342 billion to $469 billion at the end of January. As for the future, the pipeline of loans in progress as of Jan. 31 totaled $48.2 billion, up 110% from that of a year earlier, the company said. Countrywide can be found online at http://www.countrywide.com.
Processing Content
