8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (date of earliest event reported): November 8, 2005

COUNTRYWIDE FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Delaware	1-8422	13-2641992
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

4500 Park Granada, Calabasas, CA	91302
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (818) 225-3000

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 2.02. Results of Operations and Financial Condition
	Item 9.01. Financial Statements and Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 99.1
Exhibit 99.2

Item 2.02. Results of Operations and Financial Condition

     On November 8, 2005, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended October 31, 2005, a copy of which is attached as Exhibit 99.1. On November 8, 2005, the Company also made available an updated version of its thirteen-month statistical data report on its website, www.countrywide.com, a copy of which is attached as Exhibit 99.2.

     The information furnished pursuant to this Current Report on Form 8-K (including the exhibits hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly states in such filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01. Financial Statements and Exhibits

     (c) Exhibits

99.1 Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended October 31, 2005.

99.2 Thirteen-month statistical data report made available by the Company on its website.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COUNTRYWIDE FINANCIAL CORPORATION
Dated: November 8, 2005	/s/ Laura Milleman
	Laura Milleman
	Senior Managing Director and Chief Accounting Officer

EXHIBIT INDEX

Exhibit
No.     

99.1 Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended October 31, 2005.

99.2 Thirteen-month statistical data report made available by the Company on its website.

EX-99.1

News

INVESTOR CONTACT: (818)225-3550
David Bigelow or Lisa Riordan
MEDIA CONTACT: (800)796-8448

COUNTRYWIDE REPORTS OCTOBER 2005 OPERATIONAL RESULTS
— YEAR-TO-DATE MORTGAGE LOAN FUNDINGS TOTAL $405 BILLION —
— PIPELINE OF LOANS-IN-PROCESS UP 36 PERCENT YEAR-OVER-YEAR TO $71 BILLION —

CALABASAS, CA (November 8, 2005) — Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended October 31, 2005. Operational highlights included the following:

• Mortgage loan fundings for the month of October were $47 billion, a 60 percent increase from October 2004. Year-to-date mortgage loan fundings were $405 billion.

— Monthly purchase volume of $21 billion was 39 percent more than October 2004, bringing year-to-date purchase activity to $192 billion.

— Adjustable-rate loan fundings for the month were $23 billion, up 42 percent from October 2004. Year-to-date adjustable-rate fundings totaled $214 billion.

— Home equity loan fundings for October advanced 18 percent over last year to $3.6 billion, bringing year-to-date home equity loan fundings to $35 billion.

— Nonprime loan fundings totaled $3.9 billion in October, which compares to $3.3 billion for the same period last year. Year-to-date nonprime fundings were $36 billion.

— Pay-option fundings for the month were $8.5 billion, as compared to $3.4 billion in October 2004. Interest-only loan volume was $8.9 billion for the month of October 2005, which compares to $5.9 billion, for the same period a year ago.

— It should be noted that the various mortgage loan funding categories listed above are not mutually exclusive and are not intended to equal 100 percent of total fundings.

• Average daily mortgage loan application activity in October was $2.8 billion, 41 percent higher than the October 2004 level. The mortgage loan pipeline advanced by 36 percent from October 31, 2004 to $71 billion at October 31, 2005.

• The mortgage loan servicing portfolio continued its uninterrupted growth, reaching a new high of $1.07 trillion at October 31, 2005. This is an increase of $264 billion, or 33 percent, from October 31, 2004.

— Delinquencies in the servicing portfolio rose 29 basis points from September 2005 to 4.32 percent at the end of October. This increase is largely attributable to Hurricane Katrina, normal seasonal fluctuations and portfolio seasoning. Countrywide is committed to working with borrowers in the hurricane-affected areas and has granted forbearance to those who have contacted Countrywide and indicated an inability to make payments in the immediate future.

Investor Relations
4500 Park Granada • Calabasas, CA 91302 • 818-225-3550

http://www.countrywide.com Page 1 of 2

Countrywide Home Loans, Inc. and Countrywide Bank, N.A. are Equal Housing Lenders. ©2002 Countrywide Financial Corporation.
Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries. All rights reserved.

• Total assets at Countrywide Bank reached $72 billion at October 31, 2005, an increase of 97 percent from October 31, 2004.

— Countrywide Bank retained $1.2 billion of pay-option loans and $0.2 billion of interest-only loans during the month of October 2005. This compares to $0.6 billion and $0.9 billion, respectively, for the same period a year ago.

• Securities trading volume in the Capital Markets segment increased by 13 percent over last year to $271 billion for October 2005. Year-to-date securities trading volume reached $3.0 trillion.

• Net earned premiums from the Insurance segment were $87 million for the month of October, which compares to $68 million for the prior year period. On a year-to-date basis, net earned premiums reached $742 million for 2005.

“Strong operational performance was demonstrated in October, particularly in our Mortgage Banking segment,” said Stanford L. Kurland, President and Chief Operating Officer. “With year-to-date mortgage loan production of $405 billion, Countrywide is approaching its previous annual record of $435 billion set in 2003. The servicing portfolio continued its climb, reaching $1.07 trillion at month-end. Countrywide continues to expand its lead as the #1 mortgage originator and servicer. According to Inside Mortgage Finance, for the period ended September 30, 2005, Countrywide’s year-to-date origination market share was 15.6% and its servicing market share was 11.9%, up from 14.8% and 11.3% at June 30, 2005, respectively.”

Founded in 1969, Countrywide Financial Corporation is a diversified financial services provider and a member of the S&P 500, Forbes 2000 and Fortune 500. Through its family of companies, Countrywide originates, purchases, securitizes, sells, and services prime and nonprime loans; provides loan closing services such as credit reports, appraisals and flood determinations; offers banking services which include depository and home loan products; conducts mortgage-related investment banking; provides property, life and casualty insurance; manages a captive mortgage reinsurance company; and holds a majority interest in a U.K. mortgage banking joint venture. For more information about the Company, visit Countrywide’s website at www.countrywide.com.

This Press Release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, and assumptions with respect to, among other things, the Company’s future operations, business plans and strategies, as well as industry and market conditions, all of which are subject to change. Actual results and operations for any future period may vary materially from those projected herein and from past results discussed herein. Factors which could cause actual results to differ materially from historical results or those anticipated include, but are not limited to: competitive and general economic conditions in each of our business segments; changes in general business, economic, market and political conditions in the United States and abroad from those expected; loss of investment grade rating that may result in an increase in the cost of debt or loss of access to corporate debt markets; reduction in government support of homeownership; the level and volatility of interest rates; changes in interest rate paths; changes in generally accepted accounting principles or in the legal, regulatory and legislative environments in the markets in which the Company operates; the ability of management to effectively implement the Company’s strategies; and other risks noted in documents filed by the Company with the Securities and Exchange Commission from time to time. Words like “believe,” “expect,” “anticipate,” “promise,” “plan,” and other expressions or words of similar meanings, as well as future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” are generally intended to identify forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements.

(tables follow)

Investor Relations
4500 Park Granada • Calabasas, CA 91302 • 818-225-3550

http://www.countrywide.com

Countrywide Home Loans, Inc. and Countrywide Bank, N.A. are Equal Housing Lenders. ©2002 Countrywide Financial Corporation.
Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries. All rights reserved.

3-3-3

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
OPERATING STATISTICS ⁽¹⁾
(Dollars in Millions)

	Month Ended						Year-to-Date
	October 31,			October 31,			October 31,
	2005			2004			2005
LOAN PRODUCTION
Number of Working Days in the Period		21			21			210
Average Daily Mortgage Loan Applications	$	2,806		$	1,991		$	2,726
Mortgage Loan Pipeline (loans-in-process)	$	70,644		$	51,990
Commercial Real Estate Loan Pipeline (loans-in-process)	$	339		$	229
Loan Fundings:
Consumer Markets Division	$	13,356		$	9,666		$	118,252
Wholesale Lending Division		6,917			6,236			66,947
Correspondent Lending Division		20,630			9,846			161,787
Countrywide Bank (2)		249			—			5,195
Total Mortgage Banking		41,152			25,748			352,181
Capital Markets		2,933			729			15,332
Countrywide Bank Investment Portfolio (2) (3)		2,687			2,740			37,076
Total Mortgage Loan Fundings		46,772			29,217			404,589
Commercial Real Estate Fundings		507			48			2,916
Total Loan Fundings	$	47,279		$	29,265		$	407,505
Loan Fundings in Units:
Consumer Markets Division		75,734			67,098			693,749
Wholesale Lending Division		32,720			33,390			324,741
Correspondent Lending Division		94,390			55,413			791,551
Countrywide Bank (2)		782			—			85,138
Total Mortgage Banking		203,626			155,901			1,895,179
Capital Markets		10,932			2,868			59,990
Countrywide Bank Investment Portfolio (2) (3)		29,244			28,081			267,026
Total Mortgage Loan Fundings in Units		243,802			186,850			2,222,195
Commercial Real Estate		29			6			195
Total Loan Fundings in Units		243,831			186,856			2,222,390
Mortgage Loan Fundings (4) :
Purchase	$	20,693		$	14,884		$	191,640
Non-purchase		26,079			14,333			212,949
Total Mortgage Loan Fundings	$	46,772		$	29,217		$	404,589
Mortgage Loan Fundings by Product:
Government Fundings	$	958		$	832		$	8,936
ARM Fundings	$	23,146		$	16,341		$	213,563
Home Equity Fundings	$	3,569		$	3,036		$	34,972
Nonprime Fundings	$	3,876		$	3,276		$	36,333
MORTGAGE LOAN SERVICING (5)
Volume	$	1,070,077		$	805,922
Units		7,294,228			6,018,496
Subservicing Volume (6)	$	30,641		$	16,869
Subservicing Units		267,847			171,273
Prepayments in Full	$	20,625		$	14,336		$	190,836
Bulk Servicing Acquisitions	$	5,462		$	8,241		$	48,694
Portfolio Delinquency (%) — CHL (7)		4.32	%		3.92	%
Foreclosures Pending (%) — CHL (7)		0.41	%		0.37	%

(more)

4-4-4

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
OPERATING STATISTICS ⁽¹⁾
(Dollars in Millions)

	Month Ended						Year-to-Date
	October 31,			October 31,			October 31,
	2005			2004			2005
LOAN CLOSING SERVICES (units)
Credit Reports		800,675			660,351			8,181,717
Flood Determinations		314,302			237,386			2,979,396
Appraisals		111,172			77,388			1,000,954
Automated Property Valuation Services		706,351			477,592			6,334,803
Other		14,424			14,430			152,150
Total Units		1,946,924			1,467,147			18,649,020
CAPITAL MARKETS
Securities Trading Volume (8)	$	270,724		$	239,128		$	2,958,212
BANKING
Assets Held by Countrywide Bank (in billions)	$	71.7		$	36.4
INSURANCE
Net Premiums Earned:
Carrier	$	70.8		$	54.1		$	594.4
Reinsurance		15.7			13.7			147.2
Total Net Premiums Earned	$	86.5		$	67.8		$	741.6
GLOBAL OPERATIONS
Global Home Loans Subservicing
Volume (in billions)	$	106		$	112
Period-end Rates
10-Year U.S. Treasury Yield		4.57	%		4.05	%
FNMA 30-Year Fixed Rate MBS Coupon		5.80	%		5.11	%

(1)	The above data reflect current operating statistics and do not constitute all factors impacting the quarterly and annual financial results of the Company. All figures are unaudited and monthly figures may be adjusted in the reported financial statements of the Company. Such financial statements are provided by the Company quarterly. The Company makes no commitment to update this information for changes in circumstances or events which occur subsequent to the date of this release.
(2)	Countrywide Bank funds loans for both investment purposes and for sale; these loans are processed for Countrywide Bank by the Company’s Mortgage Banking production divisions. Bank production included in Mortgage Banking fundings includes loans originated for sale at the Bank together with bulk sales of loans from the Bank to the Mortgage Banking Segment.
(3)	Bank loan fundings will be negative in a period where fundings are exceeded by loans sold to affiliates.
(4)	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.
(5)	Includes loans held for sale, loans held for investment, and loans serviced for others, including those under subservicing agreements.
(6)	Subservicing volume for non-Countrywide entities.
(7)	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.
(8)	Includes trades with Mortgage Banking Segment.

###

EX-99.2

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
ROLLING THIRTEEN MONTH STATISTICAL DATA
(Dollars in millions)

	Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			Oct-05			YTD
LOAN PRODUCTION
Number of Working Days in the Period		21			21			22			19			19			23			21			21			22			20			23			21			21			210
Average Daily Mortgage Loan Applications	$	1,991		$	2,010		$	1,983		$	2,107		$	2,329		$	2,362		$	2,565		$	2,773		$	3,029		$	2,973		$	3,168		$	3,043		$	2,806		$	2,726
Mortgage Loan Pipeline (loans-in-process)	$	51,990		$	50,638		$	47,768		$	47,842		$	54,774		$	58,803		$	65,791		$	70,491		$	77,009		$	77,007		$	78,062		$	76,821		$	70,644
Commercial Real Estate Loan Pipeline (loans-in-process)	$	229		$	327		$	308		$	233		$	308		$	393		$	361		$	275		$	502		$	521		$	458		$	558		$	339
Loan Fundings:
Consumer Markets Division	$	9,666		$	10,183		$	10,440		$	8,147		$	8,520		$	11,418		$	10,944		$	11,895		$	13,583		$	12,644		$	14,488		$	13,257		$	13,356		$	118,252
Wholesale Lending Division		6,236			6,775			6,992			5,177			5,378			6,802			5,738			6,383			7,492			7,058			8,254			7,748			6,917			66,947
Correspondent Lending Division		9,846			11,594			13,086			10,254			9,648			13,405			12,275			14,448			18,396			18,209			22,681			21,841			20,630			161,787
Countrywide Bank (1)		0			0			0			0			0			0			0			0			0			103			150			4,693			249			5,195
Total Mortgage Banking		25,748			28,552			30,518			23,578			23,546			31,625			28,957			32,726			39,471			38,014			45,573			47,539			41,152			352,181
Capital Markets		729			1,082			2,234			2,190			1,050			950			629			713			1,784			659			2,335			2,089			2,933			15,332
Countrywide Bank Investment Portfolio (1) (2)		2,740			1,734			1,978			2,477			2,310			3,734			4,819			5,237			6,011			5,436			5,159			(794	)		2,687			37,076
Total Mortgage Loan Fundings		29,217			31,368			34,730			28,245			26,906			36,309			34,405			38,676			47,266			44,109			53,067			48,834			46,772			404,589
Commercial Real Estate Fundings		48			126			181			247			226			91			112			335			285			293			397			423			507			2,916
Total Loan Fundings	$	29,265		$	31,494		$	34,911		$	28,492		$	27,132		$	36,400		$	34,517		$	39,011		$	47,551		$	44,402		$	53,464		$	49,257		$	47,279		$	407,505
Loan Fundings in Units:
Consumer Markets Division		67,098			75,600			72,025			53,993			56,651			69,690			66,748			68,642			75,774			69,975			81,911			74,631			75,734			693,749
Wholesale Lending Division		33,390			37,491			38,476			26,805			27,846			35,407			29,500			31,153			34,497			32,941			38,251			35,621			32,720			324,741
Correspondent Lending Division		55,413			68,947			74,305			57,064			51,625			68,324			62,239			72,656			89,416			87,669			107,029			101,139			94,390			791,551
Countrywide Bank (1)		0			0			0			0			0			0			0			0			0			311			457			83,588			782			85,138
Total Mortgage Banking		155,901			182,038			184,806			137,862			136,122			173,421			158,487			172,451			199,687			190,896			227,648			294,979			203,626			1,895,179
Capital Markets		2,868			4,523			9,665			10,673			3,582			3,774			2,665			2,430			7,183			2,446			8,148			8,157			10,932			59,990
Countrywide Bank Investment Portfolio (1) (2)		28,081			8,862			13,389			19,904			19,969			33,006			38,171			41,036			45,933			43,421			43,705			(47,363	)		29,244			267,026
Total Mortgage Loan Fundings in Units		186,850			195,423			207,860			168,439			159,673			210,201			199,323			215,917			252,803			236,763			279,501			255,773			243,802			2,222,195
Commercial Real Estate		6			10			13			6			11			9			9			23			31			22			30			25			29			195
Total Loan Fundings in Units		186,856			195,433			207,873			168,445			159,684			210,210			199,332			215,940			252,834			236,785			279,531			255,798			243,831			2,222,390
Mortgage Loan Fundings (3):
Purchase	$	14,884		$	15,154		$	16,533		$	12,666		$	12,052		$	16,502		$	16,913		$	19,759		$	24,023		$	20,982		$	25,079		$	22,971		$	20,693		$	191,640
Non-purchase		14,333			16,214			18,197			15,579			14,854			19,807			17,492			18,917			23,243			23,127			27,988			25,863			26,079			212,949
Total Mortgage Loan Fundings	$	29,217		$	31,368		$	34,730		$	28,245		$	26,906		$	36,309		$	34,405		$	38,676		$	47,266		$	44,109		$	53,067		$	48,834		$	46,772		$	404,589
Mortgage Loan Fundings by Product:
Government Fundings	$	832		$	953		$	875		$	646		$	695		$	796		$	792		$	852		$	1,056		$	995		$	1,114		$	1,032		$	958		$	8,936
ARM Fundings	$	16,341		$	16,422		$	18,457		$	15,080		$	14,081		$	19,484		$	19,583		$	21,684		$	25,952		$	23,275		$	27,267		$	24,011		$	23,146		$	213,563
Home Equity Fundings	$	3,036		$	3,061		$	3,148		$	2,732		$	2,618		$	3,413		$	3,519		$	3,661		$	3,879		$	3,641		$	4,122		$	3,818		$	3,569		$	34,972
Nonprime Fundings	$	3,276		$	3,459		$	4,306		$	3,851		$	2,605		$	3,364		$	2,922		$	3,312		$	4,202		$	3,661		$	4,504		$	4,036		$	3,876		$	36,333
MORTGAGE LOAN SERVICING (4)
Volume	$	805,922		$	821,287		$	838,322		$	866,665		$	878,270		$	893,405		$	914,465		$	937,275		$	964,444		$	990,624		$	1,020,416		$	1,047,623		$	1,070,077
Units		6,018,496			6,113,193			6,196,487			6,388,677			6,450,135			6,517,536			6,622,839			6,727,201			6,843,218			6,957,389			7,089,887			7,203,562			7,294,228
Subservicing Volume (5)	$	16,869		$	17,421		$	16,847		$	22,712		$	21,389		$	21,178		$	25,737		$	27,526		$	27,706		$	28,783		$	28,868		$	27,556		$	30,641
Subservicing Units		171,273			174,875			171,633			211,025			212,654			207,380			232,972			262,361			258,716			261,325			259,688			256,935			267,847
Prepayments in Full	$	14,336		$	16,013		$	17,755		$	12,408		$	11,790		$	20,809		$	16,608		$	17,990		$	22,192		$	21,860		$	25,111		$	21,443		$	20,625		$	190,836
Bulk Servicing Acquisitions	$	8,241		$	1,870		$	4,903		$	8,475		$	4,136		$	5,320		$	4,665		$	1,433		$	9,472		$	6,279		$	3,393		$	59		$	5,462		$	48,694
Portfolio Delinquency — CHL (6)		3.92	%		3.85	%		3.83	%		3.89	%		3.74	%		3.31	%		3.31	%		3.44	%		3.51	%		3.86	%		3.68	%		4.03	%		4.32	%
Foreclosures Pending — CHL (6)		0.37	%		0.41	%		0.42	%		0.45	%		0.45	%		0.43	%		0.39	%		0.39	%		0.39	%		0.40	%		0.42	%		0.42	%		0.41	%

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
ROLLING THIRTEEN MONTH STATISTICAL DATA
(Dollars in millions)

	Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			Oct-05			YTD
LOAN CLOSING SERVICES (units)
Credit Reports		660,351			634,685			580,363			695,173			696,309			872,342			807,247			830,477			886,555			856,161			914,659			822,119			800,675			8,181,717
Flood Determinations		237,386			235,665			247,978			233,500			260,748			296,382			287,393			306,636			350,861			290,446			318,626			320,502			314,302			2,979,396
Appraisals		77,388			80,253			82,114			68,309			76,441			97,743			91,952			102,056			113,910			106,283			123,082			110,006			111,172			1,000,954
Automated Property Valuation Services		477,592			508,451			496,643			496,469			508,279			655,246			574,803			591,654			615,269			726,083			750,312			710,337			706,351			6,334,803
Other		14,430			15,895			17,119			16,027			15,337			18,862			13,938			13,107			15,109			13,311			16,786			15,249			14,424			152,150
Total Units		1,467,147			1,474,949			1,424,217			1,509,478			1,557,114			1,940,575			1,775,333			1,843,930			1,981,704			1,992,284			2,123,465			1,978,213			1,946,924			18,649,020
CAPITAL MARKETS
Securities Trading Volume (7)	$	239,128		$	260,065		$	260,666		$	248,216		$	256,305		$	324,100		$	254,172		$	296,724		$	336,598		$	295,824		$	345,998		$	329,551		$	270,724		$	2,958,212
BANKING
Assets Held by Countrywide Bank (in billions)	$	36.4		$	38.8		$	41.0		$	43.3		$	45.9		$	51.1		$	56.0		$	61.5		$	65.5		$	69.6		$	72.5		$	71.0		$	71.7
INSURANCE
Net Premiums Earned:
Carrier	$	54.1		$	53.6		$	55.8		$	54.5		$	49.3		$	52.0		$	53.6		$	56.6		$	62.2		$	67.1		$	53.7		$	74.6		$	70.8		$	594.4
Reinsurance		13.7			13.8			14.3			14.5			14.8			14.4			14.4			14.2			14.5			14.4			14.8			15.5			15.7			147.2
Total Net Premiums Earned	$	67.8		$	67.4		$	70.1		$	69.0		$	64.1		$	66.4		$	68.0		$	70.8		$	76.7		$	81.5		$	68.5		$	90.1		$	86.5		$	741.6
GLOBAL OPERATIONS
Global Home Loans Subservicing Volume (in billions)	$	112		$	117		$	118		$	116		$	118		$	115		$	116		$	111		$	109		$	106		$	109		$	106		$	106
Workforce Head Count: (8)
Loan Originations		24,899			25,203			25,071			25,162			25,183			25,470			26,024			27,076			28,482			29,393			30,853			31,318			31,800
Loan Servicing		6,079			6,202			6,331			6,225			6,259			6,367			6,559			6,783			6,992			7,131			7,415			7,552			7,683
Loan Closing Services		1,113			1,123			1,146			1,171			1,221			1,290			1,293			1,343			1,421			1,464			1,528			1,571			1,619
Insurance		1,880			1,880			1,899			1,890			1,913			1,925			1,982			2,003			2,039			2,068			2,074			2,053			2,043
Capital Markets		566			564			569			569			579			588			592			597			620			638			640			653			661
Global Operations		2,328			2,332			2,317			2,331			2,345			2,362			2,373			2,484			2,575			2,557			2,703			2,865			2,902
Banking		1,184			1,213			1,213			1,508			1,562			1,585			1,621			1,653			1,714			1,798			1,896			2,039			2,092
Corporate Overhead & Other		4,033			4,102			4,066			4,075			4,059			4,070			4,106			4,232			4,337			4,375			4,492			4,632			4,767
Total Workforce Head Count		42,082			42,619			42,612			42,931			43,121			43,657			44,550			46,171			48,180			49,424			51,601			52,683			53,567
Period-end Rates
10-Year U.S. Treasury Yield		4.05	%		4.36	%		4.24	%		4.14	%		4.36	%		4.50	%		4.21	%		4.00	%		3.94	%		4.28	%		4.02	%		4.34	%		4.57	%
FNMA 30-Year Fixed Rate MBS Coupon		5.11	%		5.27	%		5.21	%		5.12	%		5.34	%		5.48	%		5.28	%		5.02	%		5.00	%		5.36	%		5.15	%		5.51	%		5.80	%

(1)	Countrywide Bank funds loans for both investment purposes and for sale; these loans are processed for Countrywide Bank by the Company’s Mortgage Banking production divisions. Bank production included in Mortgage Banking fundings includes loans originated for sale at the Bank together with bulk sales of loans from the Bank to the Mortgage Banking Segment.
(2)	Bank loan fundings will be negative in a period where fundings are exceeded by loans sold to affiliates.
(3)	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)	Includes loans held for sale, loans held for investment, and loans serviced for others, including those under subservicing agreements.
(5)	Subservicing volume for non-Countrywide entities.
(6)	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.
(7)	Includes trades with Mortgage Banking Segment.
(8)	Workforce Head Count includes full-time employees, contract, and temporary help.

# # #