Fueled by lower rates, Countrywide Credit
Countrywide, the nation's second-largest originator of mortgages, funded
Refinancings accounted for 33% of total loan production. Only 20% of
Countrywide's home-equity loan volume tripled, to $127 million, and
North American Mortgage Co., also posted a healthy increase in
The Santa Rosa, Calif., lender originated $1 billion of mortgages, a 36%
Dime Bancorp announced that it was acquiring North American in June.