Countrywide sets industry record – NMP Skip to main content

Countrywide sets industry record

May 31, 2006

Sage Credit Company opens for businessMortgagePress.comSage Credit Company Sage Credit Company, a full-service retail branch company, has announced its official launch. Started by 31-year-old company president Quentin Caruana, Sage offers both prime and sub-prime loans directly to consumers through 30 branch offices located in California, Nevada and New Jersey. The company, which currently employs approximately 450 associates, plans to expand to 40 U.S. branches by the end of the second quarter. Sage Credit Company's projected goals include funding more than $100 million in home loans per month and more than $1.7 billion in the first 12 months of business. By the third year, SCC plans to exceed $5.6 billion annually in closed loan volume. Sage Credit Company is a mortgage lender based in Irvine, Calif. For more information, call (866) 324-3241 or visit www.sagecreditcompany.com.
About the author
Published
May 31, 2006
Fed Hike Raises HELOC Costs While Mortgage Rates Stay Near 7%

Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations

Sep 17, 2026
Rocket Raises Conforming Loan Limit To $845K Ahead Of FHFA

The higher limit gives brokers more room to keep borrowers from crossing into jumbo territory

Sep 10, 2026
Rocket Pro Launches ‘Moving Squad’ To Recruit Brokers From UWM

Rocket is offering partners up to $10,000 to help bring UWM brokers onto its platform

Sep 01, 2026
NEXA, UMortgage Leaders Explain What Drove Acquisition

Kortas relinquishes the CEO title, elevating Casa to co-equal "executive partner"

Aug 31, 2026
Warsh Sees Housing Strain, Keeps Rate Hikes In Play

Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next

Aug 31, 2026
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

Aug 13, 2026