Banking, finance, and taxes

Countrywide (CFC) Loan Activity Takes Sharp Drop

According to numbers provided by Countrywide (CFC) Mortgage loan fundings for the month of November 2007 totaled $23 billion, a 40 percent decline from November 2006.

Average daily mortgage loan application activity for November 2007 was $1.9 billion, a 32 percent decrease from November 2006.  The mortgage loan pipeline was $43 billion at November 30, 2007, as compared to $62 billion for the same period last year.

Shares are down 3.3% on the news

Douglas A. McIntyre

Travel Cards Are Getting Too Good To Ignore (sponsored)

Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.

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It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.

We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.

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