Countrywide Credit Industries Inc. said it funded $8.5 billion of mortgage loans in October and had $16.7 billion in the pipeline.

Chief executive officer Angelo R. Mozilo said that October's performance set a company record. And the portfolio growth rate of 16% for the 12 months ended Oct. 31 was the strongest ever; Countrywide's portfolio now exceeds $200 billion.

The company also funded $246 million of home equity loans and $248 million in the subprime market last month.

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