Countrywide May Expand into Student Loans

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00005077-countrywide-may-expand-into-student-loans/

Countrywide Financial Corp., the largest U.S. mortgage lender, may expand into student lending as part of what management called an effort to capture a larger part of its customers’ wallets.

“On a theoretical basis it is a natural (decision),” Chief Executive Angelo Mozilo said in a conference call discussing fourth-quarter results. “There have been recent discussions along those lines. We have been looking for the right situation.”

Any move into student lending would put Countrywide in competition with more established rivals such as SLM Corp. as well as Education Lending Group which last month was purchased by CIT Group Inc.

For this complete story, please visit Countrywide May Expand into Student Loans.

Countrywide May Expand into Student Loans

Unknown Author

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