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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Paul Kern	11/9/2006 8:26:57 AM
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DJ Countrywide Oct. Mtge Loan Fundings Down 12% >CFC DOW JONES NEWSWIRES Mortgage lending giant Countrywide Financial Corp. (CFC) Thursday said its total mortgage-loan fundings were $41 billion in October, up 9% from September but off 12% from year-ago levels. "Purchase activity has started to slow. However, following the drop in interest rates during the month of September, October refinance activity increased to $24 billion - the highest dollar volume since October 2005," CEO Anthony Mozilo said in a press release detailing the monthly data. -Greg Morcroft; 415-439-6400; AskNewswires@dowjones.com (END) Dow Jones Newswires 11-09-06 0820ET

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