Loss Mitigation

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Countrywide Sees Funding Activity Drop 44 Percent; Delinquencies Continue to Head Upward 

Oct 11, 2007By

Countrywide’s operational results for September 2007 are out today, and show that the nation’s largest lender continues to ratchet operations downward. Mortgage loan fundings for the month of September 2007 totaled $21 billion, a 44 percent decline from September 2006, while foreclosures and delinquencies continued to rise. From the press release:

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