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Old 09-14-2006, 07:28 AM
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Ron Burgundy Ron Burgundy is offline
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Countrywide says loan volume falls (Reuters)
Reuters - Countrywide Financial Corp. , the largest U.S. mortgage lender, said on Thursday it funded $40 billion of mortgage loans in August, a decrease of 24 percent from the same month last year.

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Old 09-14-2006, 11:07 AM
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Reuters - Countrywide Financial Corp. , the largest U.S. mortgage lender, said on Thursday it funded $40 billion of mortgage loans in August, a decrease of 24 percent from the same month last year.

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THey also STOPPED their reckless 580 100% STATED program as well, I wonder how much that effected the numbers?
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Old 09-15-2006, 02:24 PM
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Pretty soon all Stated 2nds will be gone from the secendary market. The last company that you could PAY THEM to buy these 2nds, HSBC stopped
"buying" them. Is anyone surprised.
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Old 09-15-2006, 05:03 PM
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They'll be back when the housing market trends upward again.
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Old 09-18-2006, 10:44 AM
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They'll be back when the housing market trends upward again.
I'll finish off that thought for you Erik: They'll be back when the housing market trends upward again... in several more YEARS!
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Old 09-20-2006, 08:44 PM
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Hey guess what?


New Century has increased it's production by 21% from last year...

2nd best quarter in company history 2nd quarter this year.

Watch and see who moves up this year. I cannot wait to see what happens. We were 11th with New Century/RBC Mortgage originations combined in 2005...
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