Countrywide Financial (CFC) Reports Operational Data for May 2007
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Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended May 31, 2007. Key operational results included the following:
Mortgage loan fundings for the month of May totaled $44 billion, an increase of 15% from May 2006;
Average daily mortgage loan application activity for May 2007 was $3.1 billion, up 17% from May 2006. The mortgage loan pipeline was $70 billion at May 31, 2007 as compared to $66 billion at May 31,
2006.
The mortgage loan servicing portfolio continued to grow, totaling $1.4 trillion at May 31, 2007. This is an increase of $214 billion, or 18%, from May 31, 2006.
Banking Operations' assets were $87 billion at May 31, 2007, which compares to $80 billion at May 31, 2006.
Securities trading volume in the Capital Markets segment of $351 billion for May 2007 was 6% higher when compared to the same month last year.
Net earned premiums from the Insurance segment totaled $118 million, up 30% from May 2006.
Mortgage loan fundings for the month of May totaled $44 billion, an increase of 15% from May 2006;
Average daily mortgage loan application activity for May 2007 was $3.1 billion, up 17% from May 2006. The mortgage loan pipeline was $70 billion at May 31, 2007 as compared to $66 billion at May 31,
2006.
The mortgage loan servicing portfolio continued to grow, totaling $1.4 trillion at May 31, 2007. This is an increase of $214 billion, or 18%, from May 31, 2006.
Banking Operations' assets were $87 billion at May 31, 2007, which compares to $80 billion at May 31, 2006.
Securities trading volume in the Capital Markets segment of $351 billion for May 2007 was 6% higher when compared to the same month last year.
Net earned premiums from the Insurance segment totaled $118 million, up 30% from May 2006.
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