BANKING & FINANCE - May 6, 1993
From Times Staff and Wire Reports
CCI Mortgage Loans Up 82%: Countrywide Credit Industries Inc., the nation’s largest mortgage lender, said it funded $3.9 billion in April, 82% more than the $2.2 billion produced in April, 1992. The Pasadena company’s pipeline of loans in process rose to $7.5 billion as of April 30, compared to $6.9 billion as of March 31 and $4.7 billion as of April 30, 1992. “Continued low mortgage rates and steady interest in home buying stimulated our loan activity in April,” said Jerry Baker, managing director of production and support divisions.
