Countrywide Ranks as Top Minority Lender
Date: Monday, October 18, 2004 @ 08:00 AM EDT
Topic: Credit and Finance
(October 14, 2004) -- Countrywide Home Loans Inc. once again ranked first in minority lending for 2003, followed by Wells Fargo and Washington Mutual, according to analysis of data submitted in accordance with the Home Mortgage Disclosure Act.
Countrywide purchased and originated 65.5 percent more minority loans than in 2002, with originations to African Americans, Asians, Hispanics, and Native Americans totaling $74.7 billion. Countrywide
accounted for 12.6 percent of mortgages to Hispanic borrowers and 9.6 percent of those obtained by African Americans.
Source: Los Angeles Daily News (10/13/04)
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