WASHINGTON - The nation's largest home mortgage lender more than doubled its loans to minorities in 1994, and virtually eliminated the dis- parity among races in its loan denials.

Countrywide Funding Corp., which a year ago was the first mortgage lender to sign an anti-discrimination agreement with the Department of Housing and Urban Development, announced Wednesday that its purchase loans to African-American borrowers rose 325% from 1993 to 1994, while loans to Hispanics increased 163%, and those to Native Americans 200%.

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