Countrywide Sept. loan volume falls 22 pct

nun versteht man evtl. warum das management alle aktien so schnell wie möglich verkauft.......
http://immobilienblasen.blogspot.com/2006/10/vote-of-confidence-vertrauensbeweise.html

der einzige sektor der noch einigermaßen stabil ist ist der im bereich "home-equity" . bezeichnend........

Countrywide Financial Corp., the largest U.S. mortgage lender, said on Wednesday it funded $38 billion of mortgage loans in September, a decrease of 22 percent from the same month last year.

http://biz.yahoo.com/prnews/061011/law025.html?.v=73
Mortgage loan fundings for the month of September were $38 billion compared to $49 billion in September 2005. For the third quarter, mortgage loan fundings were $114 billion as compared to $146 billion in last year's third quarter. Year-to-date mortgage loan fundings were $334 billion.

Monthly purchase volume for September was $18 billion as compared to $23 billion a year ago. For the third quarter, purchase volume was $54 billion as compared to $69 billion for the same period a year ago.

Home equity loan fundings for September were $3.8 billion, bringing home equity production for the quarter to $12 billion. Fundings for both periods were relatively flat when compared to the prior-year periods

Nonprime loan fundings totaled $3.1 billion in September as compared to $4.0 billion in September 2005. For the third quarter, nonprime fundings reached $10 billion versus $12 billion in last year's third quarter

On a consolidated basis, Countrywide funded $4.3 billion in pay- option ARM loans during the month as compared to $9.9 billion in September 2005. For the third quarter, pay-option ARM fundings were $15 billion as compared to $29 billion a year ago

Delinquencies in the servicing portfolio rose 35 basis points from August 2006 to 4.50 percent at the end of September. This increase is primarily attributed to fewer number of business days from the prior month and portfolio seasoning.

that's up from 3.68% in March (dank geht an russ winter)http://www.xanga.com/russwinter