Countrywide Financial said today it funded $21 billion in loans last month, a 44 percent decline from September 2006, as it cut nearly 5,000 jobs, reports Reuters.
Here's more:
Fundings of adjustable-rate mortgages slid 76 percent, while nonprime loan fundings, including subprime, tumbled 92 percent. Countrywide Chief Operating Officer David [...]
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