SAN DIEGO - In the changing mortgage banking world, Countrywide Funding Corp.'s No. 1 position is in peril. Large companies are forming giants in a spate of mergers and acquisitions. Others are exiting the business outright.

Stanford L. Kurland, president of Countrywide Funding, talked to the American Banker at the annual convention of the Mortgage Bankers Association of America about the company's strategy and his thoughts on where Countrywide is now and where it's going.

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