e8vk

0000950129-06-000195.txt : 20060111 0000950129-06-000195.hdr.sgml : 20060111 20060111152755 ACCESSION NUMBER: 0000950129-06-000195 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20060111 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20060111 DATE AS OF CHANGE: 20060111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COUNTRYWIDE FINANCIAL CORP CENTRAL INDEX KEY: 0000025191 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 132641992 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12331-01 FILM NUMBER: 06524782 BUSINESS ADDRESS: STREET 1: 4500 PARK GRANADA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 BUSINESS PHONE: 8182253000 MAIL ADDRESS: STREET 1: 4500 PARK GRANADA BLVD CITY: CALABASAS STATE: CA ZIP: 91302 FORMER COMPANY: FORMER CONFORMED NAME: COUNTRYWIDE CREDIT INDUSTRIES INC DATE OF NAME CHANGE: 19920703 8-K 1 v16052e8vk.htm COUNTRYWIDE FINANCIAL CORPORATION e8vk

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): January 11, 2006

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):

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

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

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

		¨ 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
EX-99.1
EX-99.2

Item 2.02. Results of Operations and Financial Condition

On January 11, 2006, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended December 31, 2005, a copy of which is attached as Exhibit 99.1. On January 11, 2006, 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


99.1		Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended December 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
	/s/ Laura Milleman
	Laura Milleman
Dated: January 11, 2006	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 December 31, 2005.
99.2		Thirteen-month statistical data report made available by the Company on its website.

EX-99.1 2 v16052exv99w1.htm EX-99.1 exv99w1

Exhibit 99.1



NEWS

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

COUNTRYWIDE REPORTS DECEMBER 2005 OPERATIONAL RESULTS

— $44 BILLION IN MONTHLY MORTGAGE LOAN PRODUCTION LIFTS FULL YEAR FUNDINGS TO $491 BILLION, A NEW ANNUAL COMPANY RECORD —

CALABASAS, CA (January 11, 2006) — Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended December 31, 2005. Operational highlights included the following:

•

Mortgage loan fundings for the month of December were $44 billion, rising 27 percent from December 2004. Mortgage loan fundings for the fourth quarter totaled $133 billion, up 40 percent from last year’s fourth quarter. Full year fundings reached $491 billion, a new Company record and higher than any number previously reported by any residential lender in the U.S.

	—		Monthly purchase volume rose to $21 billion, an increase of 28 percent from December 2004, bringing purchase activity for the fourth quarter and year to $61 billion and $232 billion, respectively. This compares to $47 billion and $176 billion for the fourth quarter and full year of 2004, respectively, up 31 percent and 32 percent.

	—		Adjustable-rate loan fundings for the month were $22 billion, an increase of 21 percent from December 2004. Adjustable-rate fundings for the fourth quarter were $67 billion, or 50 percent of total mortgage loan fundings. This compares to $51 billion, or 54 percent of total mortgage loan fundings, for the fourth quarter of 2004. Full year adjustable-rate fundings totaled $257 billion, up 35 percent from 2004.

	—		Home equity loan fundings for December rose by 28 percent over last year to $4.0 billion. For the fourth quarter, home equity loan fundings advanced 22 percent from the fourth quarter of 2004 to $11 billion. Home equity loan fundings for all of 2005 grew 38 percent over last year to $43 billion.

	—		Nonprime loan fundings totaled $4.4 billion in December, which compares to $4.3 billion for the same period last year. Total nonprime fundings for the 2005 fourth quarter and full year were $12 billion and $45 billion, respectively. This compares to $11 billion and $39 billion, respectively, for the same periods last year.

	—		Pay-option loan fundings for the month were $8.0 billion, as compared to $5.0 billion in December 2004. For the fourth quarter, pay-option loan fundings were $24.5 billion for 2005 and $12.5 billion for 2004. For the full year, pay-option loan fundings were $94.6

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. ã2002 Countrywide Financial Corporation.
Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries. All rights reserved.

Page 1 of 3

			billion, up 317 percent from 2004. Interest-only loan volume was $8.6 billion for the month of December 2005, which compares to $6.2 billion for the same period a year ago. For the fourth quarter, interest-only loan fundings were $26.4 billion for 2005 and $18.1 billion for 2004. For the full year, interest-only loan fundings were $92 billion, an increase of 49 percent from 2004.

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

	•		Average daily mortgage loan application activity in December was $2.5 billion, up 24 percent from the December 2004 level. The mortgage loan pipeline was $60 billion at December 31, 2005, up 25 percent from December 31, 2004.

	•		The mortgage loan servicing portfolio continued its uninterrupted growth, reaching a new high of $1.1 trillion at December 31, 2005. This is an increase of $273 billion, or 33 percent, from December 31, 2004.

	•		Total assets at Countrywide Bank reached $73 billion at December 31, 2005, an increase of 78 percent from December 31, 2004.

—

Countrywide Bank retained $2.4 billion of pay-option loans and $0.3 billion of interest-only loans during the month of December 2005. This compares to $0.4 billion and $0.9 billion, respectively, for the same period a year ago.

	•		Securities trading volume in the Capital Markets segment for the month of December 2005 was $286 billion, an increase of 10 percent over December of last year. As such, total securities trading volume for the fourth quarter was $864 billion, and for the full year was $3.6 trillion — an increase of 14 percent from both the fourth quarter of 2004 and full year 2004.

	•		Net earned premiums from the Insurance segment were $122 million for the month of December 2005, which compares to $70 million for the prior year period. For the fourth quarter and full year of 2005, net earned premiums were $299 million and $954 million, respectively, which compares to last year’s fourth quarter and full year of $205 million and $783 million, respectively.

“While production margins declined in 2005 compared to levels seen earlier in the refinance boom, Countrywide established numerous funding milestones during the year,” said Stanford L. Kurland, President and Chief Operating Officer. “With the continuation of relatively low interest rates throughout the year, as well as Countrywide’s market share growth, the Company generated record mortgage loan production volume of $491 billion. This amount surpassed Countrywide’s prior record set in 2003, and also appears to be a new industry record. Additionally, new annual Company milestones were established for purchase volume along with adjustable-rate, home equity and nonprime fundings. As a result, the servicing portfolio surpassed $1.1 trillion. Furthermore, Bank assets topped

Investor Relations
4500 Park Granada · Calabasas, CA 91302 · 818-225-3550
http://www.countrywide.com

Page 2 of 3

$73 billion, a new Company record. Securities trading volume of $3.6 trillion beat last year’s Company record by 14 percent. Net premiums earned for the Insurance segment reached $954 million, 22 percent greater than last year’s Company record. Countrywide’s flexible infrastructure, seasoned management team, broad product line, diversification initiatives and market share growth strategies position us well for success in a wide variety of future interest rate scenarios.”

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; and manages a captive mortgage reinsurance company. 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

Page 3 of 3

Exhibit 99.1

4-4-4

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


	Month Ended						Year-to-Date
	December 31,			December 31,			December 31,
	2005			2004			2005
LOAN PRODUCTION
Number of Working Days in the Period		21			22			252
Average Daily Mortgage Loan Applications	$	2,467		$	1,983		$	2,700
Mortgage Loan Pipeline (loans-in-process)	$	59,651		$	47,768
Commercial Real Estate Loan Pipeline (loans-in-process)	$	297		$	308
Loan Fundings:
Consumer Markets Division	$	11,334		$	10,440		$	142,069
Wholesale Lending Division		6,883			6,992			80,660
Correspondent Lending Division		16,911			13,086			197,104
Countrywide Bank ⁽²⁾		2,555			—			8,083

Total Mortgage Banking		37,683			30,518			427,916
Capital Markets		4,506			2,234			21,028
Countrywide Bank Investment Portfolio^{(2) (3)}		1,925			1,978			42,003

Total Mortgage Loan Fundings		44,114			34,730			490,947
Commercial Real Estate Fundings		362			181			3,925

Total Loan Fundings	$	44,476		$	34,911		$	494,872

Loan Fundings in Units:
Consumer Markets Division		65,613			72,025			831,586
Wholesale Lending Division		32,234			38,476			388,622
Correspondent Lending Division		81,504			74,305			958,981
Countrywide Bank ⁽²⁾		40,656			—			126,897

Total Mortgage Banking		220,007			184,806			2,306,086
Capital Markets		17,250			9,665			81,828
Countrywide Bank Investment Portfolio^{(2) (3)}		(5,540	)		13,389			290,421

Total Mortgage Loan Fundings in Units		231,717			207,860			2,678,335
Commercial Real Estate		28			13			258

Total Loan Fundings in Units		231,745			207,873			2,678,593

Mortgage Loan Fundings ⁽⁴⁾ :
Purchase	$	21,086		$	16,533		$	232,135
Non-purchase		23,028			18,197			258,812

Total Mortgage Loan Fundings	$	44,114		$	34,730		$	490,947

Mortgage Loan Fundings by Product:
Government Fundings	$	890		$	875		$	10,712
ARM Fundings	$	22,356		$	18,457		$	256,971
Home Equity Fundings	$	4,020		$	3,148		$	42,706
Nonprime Fundings	$	4,405		$	4,306		$	44,637
MORTGAGE LOAN SERVICING ⁽⁵⁾
Volume	$	1,111,090		$	838,322
Units		7,431,949			6,196,487
Subservicing Volume ⁽⁶⁾	$	29,901		$	16,847
Subservicing Units		261,078			171,633
Prepayments in Full	$	17,810		$	17,755		$	227,771
Bulk Servicing Acquisitions	$	1,686		$	4,903		$	51,377
Portfolio Delinquency (%) — CHL⁽⁷⁾		4.61	%		3.83	%
Foreclosures Pending (%) — CHL⁽⁷⁾		0.44	%		0.42	%

(more)

Exhibit 99.1

5-5-5

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


	Month Ended						Year-to-Date
	December 31,			December 31,			December 31,
	2005			2004			2005
LOAN CLOSING SERVICES (units)
Credit Reports		657,448			580,363			9,603,815
Flood Determinations		294,120			247,978			3,575,409
Appraisals		96,598			82,114			1,202,848
Automated Property Valuation Services		457,504			496,643			7,410,611
Other		15,261			17,119			183,037

Total Units		1,520,931			1,424,217			21,975,720

CAPITAL MARKETS
Securities Trading Volume⁽⁸⁾	$	286,037		$	260,666		$	3,551,483
BANKING
Assets Held by Countrywide Bank (in billions)	$	73.1		$	41.0
INSURANCE
Net Premiums Earned:
Carrier	$	105.7		$	55.8		$	773.0
Reinsurance		16.5			14.3			180.7

Total Net Premiums Earned	$	122.2		$	70.1		$	953.7

GLOBAL OPERATIONS
Global Home Loans Subservicing Volume (in billions)	$	102		$	118
Period-end Rates
10-Year U.S. Treasury Yield		4.39	%		4.24	%
FNMA 30-Year Fixed Rate MBS Coupon		5.75	%		5.21	%


⁽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 3 v16052exv99w2.htm EX-99.2 exv99w2

Exhibit 99.2

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


	Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			Oct-05			Nov-05			Dec-05			YTD
LOAN PRODUCTION
Number of Working Days in the Period		22			19			19			23			21			21			22			20			23			21			21			21			21			252
Average Daily Mortgage Loan Applications	$	1,983		$	2,107		$	2,329		$	2,362		$	2,565		$	2,773		$	3,029		$	2,973		$	3,168		$	3,043		$	2,806		$	2,667		$	2,467		$	2,700
Mortgage Loan Pipeline (loans-in-process)	$	47,768		$	47,842		$	54,774		$	58,803		$	65,791		$	70,491		$	77,009		$	77,007		$	78,062		$	76,821		$	70,644		$	68,773		$	59,651
Commercial Real Estate Loan Pipeline (loans-in-process)	$	308		$	233		$	308		$	393		$	361		$	275		$	502		$	521		$	458		$	558		$	339		$	441		$	297
Loan Fundings:
Consumer Markets Division	$	10,440		$	8,147		$	8,520		$	11,418		$	10,944		$	11,895		$	13,583		$	12,644		$	14,488		$	13,257		$	13,356		$	12,483		$	11,334		$	142,069
Wholesale Lending Division		6,992			5,177			5,378			6,802			5,738			6,383			7,492			7,058			8,254			7,748			6,917			6,830			6,883			80,660
Correspondent Lending Division		13,086			10,254			9,648			13,405			12,275			14,448			18,396			18,209			22,681			21,841			20,630			18,406			16,911			197,104
Countrywide Bank (1)		0			0			0			0			0			0			0			103			150			4,693			249			333			2,555			8,083

Total Mortgage Banking		30,518			23,578			23,546			31,625			28,957			32,726			39,471			38,014			45,573			47,539			41,152			38,052			37,683			427,916
Capital Markets		2,234			2,190			1,050			950			629			713			1,784			659			2,335			2,089			2,933			1,190			4,506			21,028
Countrywide Bank Investment Portfolio (1) (2)		1,978			2,477			2,310			3,734			4,819			5,237			6,011			5,436			5,159			(794	)		2,687			3,002			1,925			42,003

Total Mortgage Loan Fundings		34,730			28,245			26,906			36,309			34,405			38,676			47,266			44,109			53,067			48,834			46,772			42,244			44,114			490,947
Commercial Real Estate Fundings		181			247			226			91			112			335			285			293			397			423			507			647			362			3,925

Total Loan Fundings	$	34,911		$	28,492		$	27,132		$	36,400		$	34,517		$	39,011		$	47,551		$	44,402		$	53,464		$	49,257		$	47,279		$	42,891		$	44,476		$	494,872

Loan Fundings in Units:
Consumer Markets Division		72,025			53,993			56,651			69,690			66,748			68,642			75,774			69,975			81,911			74,631			75,734			72,224			65,613			831,586
Wholesale Lending Division		38,476			26,805			27,846			35,407			29,500			31,153			34,497			32,941			38,251			35,621			32,720			31,647			32,234			388,622
Correspondent Lending Division		74,305			57,064			51,625			68,324			62,239			72,656			89,416			87,669			107,029			101,139			94,390			85,926			81,504			958,981
Countrywide Bank (1)		0			0			0			0			0			0			0			311			457			83,588			782			1,103			40,656			126,897

Total Mortgage Banking		184,806			137,862			136,122			173,421			158,487			172,451			199,687			190,896			227,648			294,979			203,626			190,900			220,007			2,306,086
Capital Markets		9,665			10,673			3,582			3,774			2,665			2,430			7,183			2,446			8,148			8,157			10,932			4,588			17,250			81,828
Countrywide Bank Investment Portfolio (1) (2)		13,389			19,904			19,969			33,006			38,171			41,036			45,933			43,421			43,705			(47,363	)		29,244			28,935			(5,540	)		290,421

Total Mortgage Loan Fundings in Units		207,860			168,439			159,673			210,201			199,323			215,917			252,803			236,763			279,501			255,773			243,802			224,423			231,717			2,678,335
Commercial Real Estate		13			6			11			9			9			23			31			22			30			25			29			35			28			258

Total Loan Fundings in Units		207,873			168,445			159,684			210,210			199,332			215,940			252,834			236,785			279,531			255,798			243,831			224,458			231,745			2,678,593

Mortgage Loan Fundings (3):
Purchase	$	16,533		$	12,666		$	12,052		$	16,502		$	16,913		$	19,759		$	24,023		$	20,982		$	25,079		$	22,971		$	20,693		$	19,409		$	21,086		$	232,135
Non-purchase		18,197			15,579			14,854			19,807			17,492			18,917			23,243			23,127			27,988			25,863			26,079			22,835			23,028			258,812

Total Mortgage Loan Fundings	$	34,730		$	28,245		$	26,906		$	36,309		$	34,405		$	38,676		$	47,266		$	44,109		$	53,067		$	48,834		$	46,772		$	42,244		$	44,114		$	490,947

Mortgage Loan Fundings by Product:
Government Fundings	$	875		$	646		$	695		$	796		$	792		$	852		$	1,056		$	995		$	1,114		$	1,032		$	958		$	886		$	890		$	10,712
ARM Fundings	$	18,457		$	15,080		$	14,081		$	19,484		$	19,583		$	21,684		$	25,952		$	23,275		$	27,267		$	24,011		$	23,146		$	21,052		$	22,356		$	256,971
Home Equity Fundings	$	3,148		$	2,732		$	2,618		$	3,413		$	3,519		$	3,661		$	3,879		$	3,641		$	4,122		$	3,818		$	3,569		$	3,714		$	4,020		$	42,706
Nonprime Fundings	$	4,306		$	3,851		$	2,605		$	3,364		$	2,922		$	3,312		$	4,202		$	3,661		$	4,504		$	4,036		$	3,876		$	3,899		$	4,405		$	44,637
MORTGAGE LOAN SERVICING (4)
Volume	$	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		$	1,092,104		$	1,111,090
Units		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			7,379,806			7,431,949
Subservicing Volume (5)	$	16,847		$	22,712		$	21,389		$	21,178		$	25,737		$	27,526		$	27,706		$	28,783		$	28,868		$	27,556		$	30,641		$	32,265		$	29,901
Subservicing Units		171,633			211,025			212,654			207,380			232,972			262,361			258,716			261,325			259,688			256,935			267,847			268,954			261,078
Prepayments in Full	$	17,755		$	12,408		$	11,790		$	20,809		$	16,608		$	17,990		$	22,192		$	21,860		$	25,111		$	21,443		$	20,625		$	19,125		$	17,810		$	227,771
Bulk Servicing Acquisitions	$	4,903		$	8,475		$	4,136		$	5,320		$	4,665		$	1,433		$	9,472		$	6,279		$	3,393		$	59		$	5,462		$	997		$	1,686		$	51,377
Portfolio Delinquency — CHL (6)		3.83	%		3.89	%		3.74	%		3.31	%		3.31	%		3.44	%		3.51	%		3.86	%		3.68	%		4.03	%		4.32	%		4.58	%		4.61	%
Foreclosures Pending — CHL (6)		0.42	%		0.45	%		0.45	%		0.43	%		0.39	%		0.39	%		0.39	%		0.40	%		0.42	%		0.42	%		0.41	%		0.43	%		0.44	%

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


	Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			Oct-05			Nov-05			Dec-05			YTD
LOAN CLOSING SERVICES (units)
Credit Reports		580,363			695,173			696,309			872,342			807,247			830,477			886,555			856,161			914,659			822,119			800,675			764,650			657,448			9,603,815
Flood Determinations		247,978			233,500			260,748			296,382			287,393			306,636			350,861			290,446			318,626			320,502			314,302			301,893			294,120			3,575,409
Appraisals		82,114			68,309			76,441			97,743			91,952			102,056			113,910			106,283			123,082			110,006			111,172			105,296			96,598			1,202,848
Automated Property Valuation Services		496,643			496,469			508,279			655,246			574,803			591,654			615,269			726,083			750,312			710,337			706,351			618,304			457,504			7,410,611
Other		17,119			16,027			15,337			18,862			13,938			13,107			15,109			13,311			16,786			15,249			14,424			15,626			15,261			183,037

Total Units		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			1,805,769			1,520,931			21,975,720

CAPITAL MARKETS
Securities Trading Volume (7)	$	260,666		$	248,216		$	256,305		$	324,100		$	254,172		$	296,724		$	336,598		$	295,824		$	345,998		$	329,551		$	270,724		$	307,234		$	286,037		$	3,551,483
BANKING
Assets Held by Countrywide Bank (in billions)	$	41.0		$	43.3		$	45.9		$	51.1		$	56.0		$	61.5		$	65.5		$	69.6		$	72.5		$	71.0		$	71.7		$	72.3		$	73.1
INSURANCE
Net Premiums Earned:
Carrier	$	55.8		$	54.5		$	49.3		$	52.0		$	53.6		$	56.6		$	62.2		$	67.1		$	53.7		$	74.6		$	70.8		$	72.9		$	105.7		$	773.0
Reinsurance		14.3			14.5			14.8			14.4			14.4			14.2			14.5			14.4			14.8			15.5			15.7			17.0			16.5			180.7

Total Net Premiums Earned	$	70.1		$	69.0		$	64.1		$	66.4		$	68.0		$	70.8		$	76.7		$	81.5		$	68.5		$	90.1		$	86.5		$	89.9		$	122.2		$	953.7

GLOBAL OPERATIONS
Global Home Loans Subservicing
Volume (in billions)	$	118		$	116		$	118		$	115		$	116		$	111		$	109		$	106		$	109		$	106		$	106		$	103		$	102
Workforce Head Count: (8)
Loan Originations		25,071			25,162			25,183			25,470			26,024			27,076			28,482			29,393			30,853			31,318			31,800			31,943			31,832
Loan Servicing		6,331			6,225			6,259			6,367			6,559			6,783			6,992			7,131			7,415			7,552			7,683			7,830			7,923
Loan Closing Services		1,146			1,171			1,221			1,290			1,293			1,343			1,421			1,464			1,528			1,571			1,619			1,648			1,648
Insurance		1,899			1,890			1,913			1,925			1,982			2,003			2,039			2,068			2,074			2,053			2,043			2,096			2,100
Capital Markets		569			569			579			588			592			597			620			638			640			653			661			673			683
Global Operations		2,317			2,331			2,345			2,362			2,373			2,484			2,575			2,557			2,703			2,865			2,902			3,050			3,251
Banking		1,213			1,508			1,562			1,585			1,621			1,653			1,714			1,798			1,896			2,039			2,092			2,101			2,078
Corporate Overhead & Other		4,066			4,075			4,059			4,070			4,106			4,232			4,337			4,375			4,492			4,632			4,767			4,881			4,941

Total Workforce Head Count		42,612			42,931			43,121			43,657			44,550			46,171			48,180			49,424			51,601			52,683			53,567			54,222			54,456

Period-end Rates
10-Year U.S. Treasury Yield		4.24	%		4.14	%		4.36	%		4.50	%		4.21	%		4.00	%		3.94	%		4.28	%		4.02	%		4.34	%		4.57	%		4.49	%		4.39	%
FNMA 30-Year Fixed Rate MBS Coupon		5.21	%		5.12	%		5.34	%		5.48	%		5.28	%		5.02	%		5.00	%		5.36	%		5.15	%		5.51	%		5.80	%		5.85	%		5.75	%


(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.

# # #

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Table of Contents

Table of Contents

Table of Contents