Countrywide Financial Corp., which is now the property of Bank of America, saw its wholesale originations plunge in the second quarter to just $6.76 billion, according to figures compiled by National Mortgage News. In the same quarter of 2007, Countrywide table-funded $23.4 billion in loans. (BoA bought Countrywide on July 1.) In the quarter ended June 30, just 11% of Countrywide's total originations came through loan brokers, compared with 18% a year earlier. In 2007, brokers accounted for 21% of Countrywide's residential fundings. The company can be found on the Web at http://my.countrywide.com.
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