Countrywide Will Offer More Products, Mozilo Decides to Delay Retirement
September 15, 2006
With Countrywide Financial’s two-year-old dominance of the mortgage industry starting to show some strain, the nation’s largest mortgage producer and servicer announced a number of changes this week in an effort to shore-up all aspects of its business. The company announced during its investors day meeting that it will soon offer reverse mortgages, multifamily loans and commercial mortgage-backed securities as it looks to “fill holes” in its product line. Additionally, plans are to actively... [Includes one data chart.]