BANKING & FINANCE - Oct. 26, 1993
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From Times Staff and Wire Reports
Countrywide Funding to Lend $2.5 Billion: Pasadena-based Countrywide Funding Corp. will provide $2.5 billion in home mortgages to low-income and moderate-income buyers under an agreement with the Federal National Mortgage Assn. The program doubles the amount of mortgage money to be made available under a similar community-based, 18-month outreach effort that was completed in August. Countrywide said that the $2.5 billion would cover about 25,000 mortgages.
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