Countrywide mortgage originations up in June
Countrywide Financial Corp. reported an increase in mortgage loan fundings and commercial real estate funding for the month of June, the company said Monday.
Mortgage loan fundings totaled $45 billion in the month of June, up 4 percent from the year-ago period. Average daily mortgage loan application activity for June was $3.1 billion, up 15 percent from the year-ago period.
Commercial real estate funding for the month of June was $814 million, up 75 percent from June 2006.
Countrywide said its mortgage loan servicing portfolio reached $1.4 trillion at the end of June, refecting an 18 percent increase from June 30, 2006.
Calabasas-based Countrywide (NYSE: CFC - News) is a financial services provider.
Published July 16, 2007 by Los Angeles Business from bizjournals
