In Brief: Countrywide Servicing $200 Billion of Loans

Countrywide Credit Industries has joined an exclusive group: companies servicing $200 billion of mortgage loans.

Its servicing portfolio hit $200 billion in October and $205 billion last month.

The club has only two other members, according to Inside Mortgage Finance: Bank of America's home loan unit, with $242 billion as of Sept. 30, and Norwest Mortgage, Des Moines, with $233 billion,

Countrywide's $8.3 billion of fundings last month exceeded prepayments by $3.1 billion, said Stanford I. Kurland, chief operating officer.

The company acquired $3.2 billion of servicing in bulk packages.

The pipeline of loans totaled $16.2 billion on Nov. 30.

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