Countrywide report.Mortgage lender Countrywide Financial Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. Corp. continues to benefit from the skyrocketing housing market, announcing a 60 percent increase in mortgage loan fundings for the month of October October: see month. from the year-ago period. The company said monthly loan fundings are running far ahead of last year. More customers opted for adjustable rate Adjustable rate Applies mainly to convertible securities. Refers to interest rate or dividend that is adjusted periodically, usually according to a standard market rate outside the control of the bank or savings institution, such as that prevailing on Treasury bonds or notes. loans in the quarter compared with a year ago, with fundings rising 42 percent to $23 billion. So far this year, Countrywide coun·try·wide adv. & adj. Throughout a whole country; nationwide: launched a fundraising campaign countrywide; a countrywide search. Adj. 1. has funded $214 billion in adjustable rate loans. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion