PASADENA, Calif. - Countrywide Credit Industries reported unaudited net earnings of $53 million, or 51 cents a share, for its fiscal third quarter, which ended Nov. 30. Earnings for the quarter a year earlier were $16.2 million, or 10 cents a share.

"From a production standpoint, the highlight of the quarter was an increase in fundings to over $9.3 billion, the highest quarterly level since the refinance boom of 1993, said David S. Loeb, chairman.

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