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Countrywide Hits $300 Billion Mark.(Brief Article)
Countrywide Credit Industries, the largest mortgage company that is not a subsidiary of a bank, has become the fifth lender to accumulate a servicing portfolio in excess of $300 billion.
Countrywide announced last month that it services loans for three million customers representing outstanding balances of $300 billion.
Tom Boone, senior managing director of Countrywide, said surpassing that milestone reflects the company's success as both a direct lender and a business partner.
"The growth of our servicing portfolio, augmented by the major expansion efforts to attract subservicing, a business which now represents outstanding loan volume of more than $8.6 ...
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