EX-99.20 3 v01781exv99w20.txt EXHIBIT 99.20 Exhibit 99.20 COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES ROLLING THIRTEEN MONTH STATISTICAL DATA (DOLLARS IN MILLIONS)
AUG-03 SEP-03 OCT-03 NOV-03 DEC-03 JAN-04 FEB-04 ---------- ---------- --------- ---------- ---------- ---------- ---------- LOAN PRODUCTION Number of Working Days in the Period 21 21 23 19 22 20 19 Average Daily Loan Applications $ 1,808 $ 1,858 $ 1,564 $ 1,479 $ 1,339 $ 1,776 $ 1,968 Mortgage Loan Pipeline (loans-in-process) $ 53,576 $ 47,182 $ 42,650 $ 38,841 $ 32,969 $ 38,354 $ 43,760 Loan Fundings: Consumer Markets Division $ 12,283 $ 9,392 $ 8,198 $ 6,954 $ 7,670 $ 6,211 $ 7,326 Wholesale Lending Division 7,222 5,632 6,235 4,725 4,902 3,844 4,801 Correspondent Lending Division 17,870 13,225 10,908 8,598 9,390 8,240 8,518 ---------------------------------------------------------------------------------------- Total Mortgage Banking 37,375 28,249 25,341 20,277 21,962 18,295 20,645 Capital Markets 2,059 3,066 2,314 829 1,489 1,013 1,046 Treasury Bank (1) 1,541 1,802 1,310 1,100 1,698 1,312 1,582 ---------------------------------------------------------------------------------------- TOTAL LOAN FUNDINGS $ 40,975 $ 33,117 $ 28,965 $ 22,206 $ 25,149 $ 20,620 $ 23,273 ======================================================================================== Loan Fundings in Units: Consumer Markets Division 92,465 74,566 67,213 57,058 61,031 49,154 54,962 Wholesale Lending Division 42,036 34,660 38,255 28,887 29,638 22,685 27,880 Correspondent Lending Division 104,396 81,376 67,709 52,969 57,079 49,694 50,250 ---------------------------------------------------------------------------------------- Total Mortgage Banking 238,897 190,602 173,177 138,914 147,748 121,533 133,092 Capital Markets 6,303 9,718 9,266 4,629 6,357 4,680 3,491 Treasury Bank (1) 18,060 18,352 14,938 13,257 16,861 14,681 16,760 ---------------------------------------------------------------------------------------- TOTAL LOAN FUNDINGS IN UNITS 263,260 218,672 197,381 156,800 170,966 140,894 153,343 ======================================================================================== Loan Fundings: Purchase (2) $ 12,571 $ 12,719 $ 12,366 $ 9,852 $ 12,115 $ 9,274 $ 9,226 Non-purchase (2) 28,404 20,398 16,599 12,354 13,034 11,346 14,047 ---------------------------------------------------------------------------------------- TOTAL LOAN FUNDINGS $ 40,975 $ 33,117 $ 28,965 $ 22,206 $ 25,149 $ 20,620 $ 23,273 ======================================================================================== Government Fundings $ 2,505 $ 2,093 $ 1,774 $ 1,370 $ 1,343 $ 1,161 $ 1,117 ARM Fundings $ 10,011 $ 10,072 $ 10,676 $ 8,487 $ 9,679 $ 9,478 $ 10,293 Home Equity Fundings $ 1,697 $ 1,680 $ 1,752 $ 1,620 $ 1,805 $ 1,564 $ 1,637 Subprime Fundings $ 1,654 $ 2,158 $ 2,424 $ 2,029 $ 2,257 $ 2,009 $ 2,124 LOAN SERVICING (3) Volume $ 591,905 $ 606,095 $ 621,000 $ 631,470 $ 644,855 $ 657,541 $ 669,076 Units 4,760,141 4,834,943 4,923,935 5,001,743 5,080,621 5,162,726 5,234,634 Subservicing Volume (4) $ 11,483 $ 11,446 $ 11,921 $ 13,671 $ 14,404 $ 15,871 $ 15,548 Subservicing Units 142,527 128,326 139,983 157,785 159,357 166,923 163,190 Prepayments in Full $ 25,236 $ 17,463 $ 14,315 $ 11,403 $ 11,845 $ 9,387 $ 13,090 Bulk Servicing Acquisitions $ 341 $ 581 $ 1,845 $ 144 $ 1,054 $ 3,706 $ 3,123 Portfolio Delinquency - CHL (5) 3.77% 3.81% 3.54% 3.90% 3.91% 3.71% 3.71% Foreclosures Pending - CHL (5) 0.46% 0.45% 0.50% 0.43% 0.43% 0.43% 0.44% MAR-04 APR-04 MAY-04 JUN-04 JUL-04 AUG-04 YTD ---------- ---------- ---------- ---------- ---------- ---------- ---------- LOAN PRODUCTION Number of Working Days in the Period 23 22 20 22 21 22 169 Average Daily Loan Applications $ 2,455 $ 2,041 $ 1,945 $ 1,905 $ 2,006 $ 2,051 $ 2,026 Mortgage Loan Pipeline (loans-in-process) $ 57,422 $ 54,836 $ 49,675 $ 47,317 $ 48,142 $ 50,024 Loan Fundings: Consumer Markets Division $ 9,522 $ 11,115 $ 9,815 $ 9,804 $ 8,841 $ 9,288 $ 71,922 Wholesale Lending Division 6,993 7,727 6,208 5,913 5,376 6,102 46,964 Correspondent Lending Division 12,029 14,362 11,986 11,560 10,405 11,152 88,252 --------------------------------------------------------------------------- ---------- Total Mortgage Banking 28,544 33,204 28,009 27,277 24,622 26,542 207,138 Capital Markets 1,265 494 1,875 2,230 2,396 1,592 11,911 Treasury Bank (1) 2,502 2,147 1,931 2,496 2,686 2,988 17,644 --------------------------------------------------------------------------- ---------- TOTAL LOAN FUNDINGS $ 32,311 $ 35,845 $ 31,815 $ 32,003 $ 29,704 $ 31,122 $ 236,693 =========================================================================== ========== Loan Fundings in Units: Consumer Markets Division 68,664 75,880 68,759 69,912 63,813 67,019 518,163 Wholesale Lending Division 39,820 42,114 34,247 33,270 30,710 34,422 265,148 Correspondent Lending Division 67,815 77,570 65,425 65,668 60,992 64,659 502,073 --------------------------------------------------------------------------- ---------- Total Mortgage Banking 176,299 195,564 168,431 168,850 155,515 166,100 1,285,384 Capital Markets 5,114 1,463 6,740 8,486 9,949 6,948 46,871 Treasury Bank (1) 23,351 21,909 21,779 26,627 26,236 28,829 180,172 --------------------------------------------------------------------------- ---------- TOTAL LOAN FUNDINGS IN UNITS 204,764 218,936 196,950 203,963 191,700 201,877 1,512,427 =========================================================================== ========== Loan Fundings: Purchase (2) $ 13,127 $ 13,883 $ 14,575 $ 17,491 $ 17,541 $ 17,797 $ 112,914 Non-purchase (2) 19,184 21,962 17,240 14,512 12,163 13,325 123,779 --------------------------------------------------------------------------- ---------- TOTAL LOAN FUNDINGS $ 32,311 $ 35,845 $ 31,815 $ 32,003 $ 29,704 $ 31,122 $ 236,693 =========================================================================== ========== Government Fundings $ 1,530 $ 1,491 $ 1,235 $ 1,119 $ 1,039 $ 961 $ 9,653 ARM Fundings $ 13,872 $ 15,739 $ 15,745 $ 17,259 $ 17,021 $ 18,278 $ 117,685 Home Equity Fundings $ 2,088 $ 2,242 $ 2,272 $ 2,787 $ 2,838 $ 3,056 $ 18,484 Subprime Fundings $ 2,759 $ 2,765 $ 3,044 $ 3,745 $ 3,785 $ 4,275 $ 24,506 LOAN SERVICING (3) Volume $ 682,848 $ 693,768 $ 706,943 $ 726,227 $ 746,905 $ 765,342 Units 5,313,058 5,372,526 5,443,555 5,547,050 5,668,620 5,773,837 Subservicing Volume (4) $ 15,307 $ 15,028 $ 15,289 $ 16,027 $ 16,843 $ 16,312 Subservicing Units 166,514 163,842 163,931 163,396 172,602 169,665 Prepayments in Full $ 18,317 $ 23,557 $ 17,593 $ 14,945 $ 12,430 $ 13,232 $ 122,551 Bulk Servicing Acquisitions $ 2,349 $ 1,122 $ 1,563 $ 1,634 $ 4,187 $ 4,626 $ 22,310 Portfolio Delinquency - CHL (5) 3.20% 3.19% 3.49% 3.48% 3.51% 3.57% Foreclosures Pending - CHL (5) 0.42% 0.38% 0.36% 0.37% 0.37% 0.35%
(more) COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES ROLLING THIRTEEN MONTH STATISTICAL DATA (DOLLARS IN MILLIONS)
AUG-03 SEP-03 OCT-03 NOV-03 DEC-03 JAN-04 FEB-04 ----------- ----------- ----------- ----------- ---------- ----------- ----------- LOAN CLOSING SERVICES (UNITS) Credit Reports 492,787 499,431 518,308 420,843 405,336 533,055 547,704 Flood Determinations 234,552 222,890 217,134 173,044 172,325 188,682 195,380 Appraisals 60,025 51,507 53,783 44,475 47,004 44,146 51,425 Automated Property Valuation Services 349,978 358,983 399,559 314,886 319,220 333,803 356,077 Other 12,566 11,769 11,457 9,741 12,096 14,750 14,218 ------------------------------------------------------------------------------------------ TOTAL UNITS 1,149,908 1,144,580 1,200,241 962,989 955,981 1,114,436 1,164,804 ========================================================================================== CAPITAL MARKETS Securities Trading Volume (6) $ 255,513 $ 240,154 $ 208,429 $ 196,586 $ 179,390 $ 192,618 $ 221,082 BANKING Assets Held by Treasury Bank (in billions) $ 15.1 $ 16.4 $ 17.1 $ 17.7 $ 19.4 $ 20.3 $ 21.8 INSURANCE Net Premiums Earned: Carrier $ 55 $ 51 $ 59 $ 54 $ 51 $ 56 $ 52 Reinsurance 11 10 11 13 13 12 13 ------------------------------------------------------------------------------------------ TOTAL NET PREMIUMS EARNED $ 66 $ 61 $ 70 $ 67 $ 64 $ 68 $ 65 ========================================================================================== GLOBAL OPERATIONS Global Home Loans Subservicing Volume (in billions) $ 93 $ 98 $ 100 $ 103 $ 106 $ 109 $ 112 WORKFORCE HEAD COUNT: (7) Loan Originations 20,447 19,251 18,968 18,812 18,897 18,989 19,364 Loan Servicing 6,002 6,111 6,087 6,098 6,069 6,017 5,870 Loan Closing Services 1,065 956 955 952 931 941 952 Insurance 1,851 1,904 1,882 1,856 1,823 1,781 1,768 Capital Markets 440 452 470 476 477 484 491 Global Operations 1,897 1,962 1,965 1,997 1,981 1,899 1,948 Banking 808 804 787 810 813 803 823 Corporate Overhead & Other 3,238 3,309 3,282 3,282 3,307 3,347 3,366 ------------------------------------------------------------------------------------------ TOTAL WORKFORCE HEAD COUNT 35,748 34,749 34,396 34,283 34,298 34,261 34,582 ========================================================================================== PERIOD-END RATES 10-Year U.S. Treasury Yield 4.458% 3.939% 4.301% 4.322% 4.261% 4.138% 3.984% FNMA 30-Year Fixed Rate MBS Coupon 5.670% 5.012% 5.335% 5.410% 5.276% 5.192% 5.001% MAR-04 APR-04 MAY-04 JUN-04 JUL-04 AUG-04 YTD ----------- ----------- ----------- ----------- ----------- ----------- ----------- LOAN CLOSING SERVICES (UNITS) Credit Reports 738,113 626,142 574,524 631,763 630,223 677,931 4,959,455 Flood Determinations 277,958 246,580 214,494 239,522 243,241 265,888 1,871,745 Appraisals 69,074 65,975 58,912 59,839 62,732 74,314 486,417 Automated Property Valuation Services 439,015 473,601 456,663 480,364 467,030 480,329 3,486,882 Other 16,379 16,058 13,583 15,332 13,252 13,324 116,896 ---------------------------------------------------------------------------- ------------ TOTAL UNITS 1,540,539 1,428,356 1,318,176 1,426,820 1,416,478 1,511,786 10,921,395 ============================================================================ ============ CAPITAL MARKETS Securities Trading Volume (6) $ 276,738 $ 274,862 $ 292,116 $ 314,599 $ 266,645 $ 240,678 $ 2,079,338 BANKING Assets Held by Treasury Bank (in billions) $ 23.7 $ 24.9 $ 25.6 $ 27.2 $ 28.6 $ 30.9 INSURANCE Net Premiums Earned: Carrier $ 50 $ 50 $ 48 $ 51 $ 54 $ 51 $ 412 Reinsurance 12 13 13 13 13 13 102 ---------------------------------------------------------------------------- ------------ TOTAL NET PREMIUMS EARNED $ 62 $ 63 $ 61 $ 64 $ 67 $ 64 $ 514 ============================================================================ ============ GLOBAL OPERATIONS Global Home Loans Subservicing Volume (in billions) $ 111 $ 108 $ 111 $ 110 $ 110 $ 109 WORKFORCE HEAD COUNT: (7) Loan Originations 20,529 21,696 22,400 23,035 23,114 23,680 Loan Servicing 5,802 5,828 5,864 5,908 5,910 5,920 Loan Closing Services 926 938 993 1,019 1,049 1,072 Insurance 1,762 1,809 1,822 1,826 1,854 1,845 Capital Markets 494 513 517 529 540 554 Global Operations 1,993 1,961 1,965 1,955 1,929 1,942 Banking 849 888 956 1,003 1,015 1,083 Corporate Overhead & Other 3,389 3,441 3,529 3,660 3,814 3,889 ---------------------------------------------------------------------------- TOTAL WORKFORCE HEAD COUNT 35,744 37,074 38,046 38,935 39,225 39,985 ============================================================================ PERIOD-END RATES 10-Year U.S. Treasury Yield 3.840% 4.499% 4.655% 4.610% 4.477% 4.130% FNMA 30-Year Fixed Rate MBS Coupon 4.937% 5.592% 5.752% 5.589% 5.484% 5.162%
(1) Treasury Bank funds loans for investment purposes; these loans are processed for Treasury Bank by the production divisions. (2) Purchase fundings include first trust deed and home equity loans used as purchase money debt in the acquisition of a home. Non-purchase fundings include first trust deed refinance loans, home equity refinance loans, and stand-alone home equity loans. (4) Subservicing volume for other clients. (5) Expressed as a percentage of the total number of loans serviced, excluding subserviced loans and portfolios purchased at a discount due to their non-performing status. (6) Includes trades with Mortgage Banking Division. (7) Workforce Head Count includes full-time employees, contract, and temporary help. ###