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

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.