Countrywide Financial Corporation

The Countrywide Financial Corporation (Countrywide Credit Industries until November 7, 2002) is the largest independent residential mortgage lending firm in the US.

Business

It writes, sells, and services mainly prime rate first mortgages for single-family homes through its Countrywide Home Loans subsidiary.

Subsidiaries

See SECFilings, Form10K

• Balboa Insurance Group, Inc.

Banking Segment

• Treasury Bank, National Association (FDIC-insured, federally-chartered bank)

Capital Markets Segment

• Countrywide Securities Corporation (broker-dealer)
• Countrywide Asset Management Corporation

Global Operations Segment

• Global Home Loans Ltd.

Mortgage Banking Segment

• Countrywide Home Loans , Inc.

Segments

Mortgage Banking, Capital Markets (mortgage-backed securities), Insurance (homeowners', auto, life, disability, and reinsurance among others), Banking, and Global (a joint venture with Barclays to provide mortgage servicing in the UK).

Financials

2003

Loan production $435 billion

• Segment
  • Mortgage Banking: 398
  • Capital Markets’ conduit acquisitions: 22
  • Treasury Bank: 14
• Product
  • Prime: 397
  • Prime Home Equity: 18
  • Subprime: 20

Loan servicing ($ billion)

• Beginning owned servicing portfolio: 441
• Loan production: 435
• Purchased MSRs: 7
• Servicing Sold: (-)
• Runoff: (253)
• Ending owned servicing portfolio: 630
• Subservicing portfolio: 14
• Total servicing portfolio: 645

Conference calls

• 11/3/2004 - Q3 2004 Earnings Conference Call (presentation) (audio)

External links

• Countrywide Financial - Real Estate Mortgage Lender - Home Loans ...

Data

• Yahoo! - Countrywide Financial Corporation Company Profile