Countrywide Capital Markets Unit Eyes Lower Costs With More Internal Loan Securitizations
The capital markets arm of lending giant Countrywide Financial is broadening its reach with a new office in Hong Kong and new product offerings that include fee-based mortgage asset management services. The company touted the benefits of its growing securitization unit during a presentation at a re-cent investor conference sponsored by Sanford Bernstein. “The capital markets group is a leading fixed-income investment banker,” said Angelo Mozilo, Countrywide chairman and CEO...