how is CFC different from other mortgage originator

--CFC is a savings and loan holdin company tha includes a thrift unit, Countrywide Bank FSB, and mortgage bank unit, Countrywide Home Loans. That gives it more ways to borrow money than would be available to a mortgage bank alone. The thrift units takes deposits can borrow from the Fed Reserve and Fed Home Loan Bank and has short-term financing agreements with private banks. --Mortgage banks, which borrow short-term in credit markets, lend to home buyers, then sell the loans to WS banks or keep them as investments. They arn't bnaks and do not take deposits. --CFC said it would shfit nearly all of its home-mortgage lending from its mortgage bank into its thrift unit. --CFC is regulated by the Office of Thrift Supervision. FDIC will protect the interests of its depositors. Fed and Fed Home Loan can make added emergency loans to CFC.