PASADENA, Calif. -- CWM Mortgage Holdings Inc., formerly Countrywide Mortgage Investments Inc., will offer tract construction loans to developers and will purchase combined construction and permanent consumer loans from originators.

Michael Perry, chief operating officer, said a new subsidiary, Construction Lending Corporation of America, had been formed to handle the tract lending.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.