Subprime Segment Soars at Countrywide

$2.2 billion funded in September
By MortgageDaily.com staff
10/14/2003

Contrary to Countrywide's conventional mortgage production, rising rates did not hurt subprime lending.

The national mortgage originator, formally known as Countrywide Financial Corp., reported subprime fundings of $2.2 billion during September, a substantial increase from August's $1.7 billion

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