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Countrywide Aims For $2.5 Trillion.(Brief Article)
Calabasas, CA -- Meanwhile, not every company is worried about matching its hedge gains and MSR losses on a quarterly basis. At least Countrywide Financial Corporation, the nation's largest mortgage servicer, seems to be taking the view that growing market share is more important than shielding itself from every ounce of volatility inherent in the MSR asset.
In a recent investors conference, Countrywide listed among its "goals for 2010" a mortgage servicing portfolio exceeding $2.5 trillion. In April, the company's owned MSR portfolio exceeded $900 billion for the first time.
That would mean Countrywide would have a market share exceeding 20%. Countrywide also hopes to have a mortgage origination market share approaching 30%, or $1 trillion per year in origination volume, by that time.
And don't forget about Countrywide ...
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- Newspaper article from: Omaha World-Herald (Omaha, Nebraska) (via Knight-Ridder/Tribune Business News) March 31, 2005 700+ words
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Source: HighBeam Research, Countrywide Aims For $2.5 Trillion.(Brief Article)