Countrywide Credit Industries Inc. posted
Basic earnings per share were 78 cents, up from 65 a year earlier.
The board declared a cash dividend of 8 cents per common share.
"Production volume and margin improvement more than offset lower
With many customers refinancing, the annualized prepayment rate came in
Countrywide, the nation's largest independent residential mortgage
Its loan production in the quarter was $16.1 billion, up from $9.3