Countrywide Credit Industries Inc. (Short Takes).

CWMBS Inc., an arm of Countrywide coun·try·wide
adv. & adj.
Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search.

Adj. 1. Credit Industries Inc., the mortgage banker Mortgage Banker

A company, individual or institution that originates, sells and services mortgage loans.

Notes:
Don't confuse a mortgage banker with a mortgage broker. , last week filed papers with the Securities and Exchange Commission to sell $10.98 billion worth of mortgage-backed Mortgage-backed may refer to:

Commercial mortgage-backed security, type of bond commonly issued in American security markets
Mortgage-backed security, asset-backed security whose cash flows are backed by the payments of a set of mortgages

bonds. The bonds are backed by pools of home mortgages, and, obviously, home sales are one of the few strong spots in the economy.

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Title Annotation:	CWMBS Inc. to sell mortgage-backed bonds
Author:	Cole, Benjamin Mark
Publication:	Los Angeles Business Journal
Article Type:	Brief Article
Geographic Code:	1USA
Date:	Oct 21, 2002
Words:	54
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Next Article:	Tennenbaum & Co. (Short Takes).(Michael Tennenbaum)(Brief Article)
Topics:	Mortgage banks Cases Finance

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