Residential mortgage giant Countrywide Credit Industries Inc. said it made $8.33 billion of loans in November, down slightly from October but up almost 50% from a year earlier.
The company's servicing portfolio grew by about $5 billion during the month, to $205 billion.
Countrywide's home equity and subprime loan originations have declined recently. In November, it made $172 million of home equity loans and $129 million of subprime loans, down from $246 million and $248 million, respectively, in October.
Portfolio delinquencies increased by 30 basis points during the month, to 3.61% of the company's total loans.