EX-99.2 3 a06-6640_1ex99d2.htm EXHIBIT 99

Exhibit 99.2

 

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

 

 

 

Feb-05

 

Mar-05

 

Apr-05

 

May-05

 

Jun-05

 

Jul-05

 

Aug-05

 

LOAN PRODUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Working Days in the Period

 

19

 

23

 

21

 

21

 

22

 

20

 

23

 

Average Daily Mortgage Loan Applications

 

$

2,329

 

$

2,362

 

$

2,565

 

$

2,773

 

$

3,029

 

$

2,973

 

$

3,168

 

Mortgage Loan Pipeline (loans-in-process)

 

$

54,774

 

$

58,803

 

$

65,791

 

$

70,491

 

$

77,009

 

$

77,007

 

$

78,062

 

Commercial Real Estate Loan Pipeline (loans-in-process)

 

$

308

 

$

393

 

$

361

 

$

275

 

$

502

 

$

521

 

$

458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Markets Division

 

$

8,520

 

$

11,418

 

$

10,944

 

$

11,895

 

$

13,583

 

$

12,644

 

$

14,488

 

Wholesale Lending Division

 

5,378

 

6,802

 

5,738

 

6,383

 

7,492

 

7,058

 

8,254

 

Correspondent Lending Division

 

9,648

 

13,405

 

12,275

 

14,448

 

18,396

 

18,209

 

22,681

 

Capital Markets

 

1,050

 

950

 

629

 

713

 

1,784

 

659

 

2,335

 

Countrywide Bank (1)

 

2,310

 

3,734

 

4,819

 

5,237

 

6,011

 

5,539

 

5,309

 

Total Mortgage Loan Fundings

 

26,906

 

36,309

 

34,405

 

38,676

 

47,266

 

44,109

 

53,067

 

Commercial Real Estate Fundings

 

226

 

91

 

112

 

335

 

285

 

293

 

397

 

Total Loan Fundings

 

$

27,132

 

$

36,400

 

$

34,517

 

$

39,011

 

$

47,551

 

$

44,402

 

$

53,464

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings in Units:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Markets Division

 

56,651

 

69,690

 

66,748

 

68,642

 

75,774

 

69,975

 

81,911

 

Wholesale Lending Division

 

27,846

 

35,407

 

29,500

 

31,153

 

34,497

 

32,941

 

38,251

 

Correspondent Lending Division

 

51,625

 

68,324

 

62,239

 

72,656

 

89,416

 

87,669

 

107,029

 

Capital Markets

 

3,582

 

3,774

 

2,665

 

2,430

 

7,183

 

2,446

 

8,148

 

Countrywide Bank (1)

 

19,969

 

33,006

 

38,171

 

41,036

 

45,933

 

43,732

 

44,162

 

Total Mortgage Loan Fundings in Units

 

159,673

 

210,201

 

199,323

 

215,917

 

252,803

 

236,763

 

279,501

 

Commercial Real Estate

 

11

 

9

 

9

 

23

 

31

 

22

 

30

 

Total Loan Fundings in Units

 

159,684

 

210,210

 

199,332

 

215,940

 

252,834

 

236,785

 

279,531

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

$

12,052

 

$

16,502

 

$

16,913

 

$

19,759

 

$

24,023

 

$

20,982

 

$

25,079

 

Non-purchase

 

14,854

 

19,807

 

17,492

 

18,917

 

23,243

 

23,127

 

27,988

 

Total Mortgage Loan Fundings

 

$

26,906

 

$

36,309

 

$

34,405

 

$

38,676

 

$

47,266

 

$

44,109

 

$

53,067

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings by Product:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government Fundings

 

$

695

 

$

796

 

$

792

 

$

852

 

$

1,056

 

$

995

 

$

1,114

 

ARM Fundings

 

$

14,081

 

$

19,484

 

$

19,583

 

$

21,684

 

$

25,952

 

$

23,275

 

$

27,267

 

Home Equity Fundings

 

$

2,618

 

$

3,413

 

$

3,519

 

$

3,661

 

$

3,879

 

$

3,641

 

$

4,122

 

Nonprime Fundings

 

$

2,605

 

$

3,364

 

$

2,922

 

$

3,312

 

$

4,202

 

$

3,661

 

$

4,504

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MORTGAGE LOAN SERVICING (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

$

878,270

 

$

893,405

 

$

914,465

 

$

937,275

 

$

964,444

 

$

990,624

 

$

1,020,416

 

Units

 

6,450,135

 

6,517,536

 

6,622,839

 

6,727,201

 

6,843,218

 

6,957,389

 

7,089,887

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subservicing Volume (4)

 

$

21,389

 

$

21,178

 

$

25,737

 

$

27,526

 

$

27,706

 

$

28,783

 

$

28,868

 

Subservicing Units

 

212,654

 

207,380

 

232,972

 

262,361

 

258,716

 

261,325

 

259,688

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepayments in Full

 

$

11,790

 

$

20,809

 

$

16,608

 

$

17,990

 

$

22,192

 

$

21,860

 

$

25,111

 

Bulk Servicing Acquisitions

 

$

4,136

 

$

5,320

 

$

4,665

 

$

1,433

 

$

9,472

 

$

6,279

 

$

3,393

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio Delinquency - CHL (5)

 

3.74

%

3.31

%

3.31

%

3.44

%

3.51

%

3.86

%

3.68

%

Foreclosures Pending - CHL (5)

 

0.45

%

0.43

%

0.39

%

0.39

%

0.39

%

0.40

%

0.42

%

 

 

 

Sep-05

 

Oct-05

 

Nov-05

 

Dec-05

 

Jan-06

 

Feb-06

 

YTD

 

LOAN PRODUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Working Days in the Period

 

21

 

21

 

21

 

21

 

20

 

19

 

39

 

Average Daily Mortgage Loan Applications

 

$

3,043

 

$

2,806

 

$

2,667

 

$

2,467

 

$

2,408

 

$

2,505

 

$

2,455

 

Mortgage Loan Pipeline (loans-in-process)

 

$

76,821

 

$

70,644

 

$

68,773

 

$

59,651

 

$

57,351

 

$

59,336

 

 

 

Commercial Real Estate Loan Pipeline (loans-in-process)

 

$

558

 

$

339

 

$

441

 

$

297

 

$

308

 

$

258

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Markets Division

 

$

13,257

 

$

13,356

 

$

12,483

 

$

11,334

 

$

9,125

 

$

9,492

 

$

18,617

 

Wholesale Lending Division

 

7,748

 

6,917

 

6,830

 

6,883

 

5,613

 

5,713

 

11,326

 

Correspondent Lending Division

 

21,841

 

20,630

 

18,406

 

16,911

 

12,757

 

10,161

 

22,918

 

Capital Markets

 

2,089

 

2,933

 

1,190

 

4,506

 

955

 

1,746

 

2,701

 

Countrywide Bank (1)

 

3,899

 

2,936

 

3,335

 

4,480

 

4,183

 

3,825

 

8,008

 

Total Mortgage Loan Fundings

 

48,834

 

46,772

 

42,244

 

44,114

 

32,633

 

30,937

 

63,570

 

Commercial Real Estate Fundings

 

423

 

507

 

647

 

362

 

235

 

268

 

503

 

Total Loan Fundings

 

$

49,257

 

$

47,279

 

$

42,891

 

$

44,476

 

$

32,868

 

$

31,205

 

$

64,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings in Units:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer Markets Division

 

74,631

 

75,734

 

72,224

 

65,613

 

55,105

 

57,601

 

112,706

 

Wholesale Lending Division

 

35,621

 

32,720

 

31,647

 

32,234

 

26,929

 

27,154

 

54,083

 

Correspondent Lending Division

 

101,139

 

94,390

 

85,926

 

81,504

 

61,201

 

48,267

 

109,468

 

Capital Markets

 

8,157

 

10,932

 

4,588

 

17,250

 

3,777

 

6,737

 

10,514

 

Countrywide Bank (1)

 

36,225

 

30,026

 

30,038

 

35,116

 

31,622

 

30,707

 

62,329

 

Total Mortgage Loan Fundings in Units

 

255,773

 

243,802

 

224,423

 

231,717

 

178,634

 

170,466

 

349,100

 

Commercial Real Estate

 

25

 

29

 

35

 

28

 

26

 

24

 

50

 

Total Loan Fundings in Units

 

255,798

 

243,831

 

224,458

 

231,745

 

178,660

 

170,490

 

349,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings: (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

$

22,971

 

$

20,693

 

$

19,409

 

$

21,086

 

$

14,410

 

$

13,527

 

$

27,937

 

Non-purchase

 

25,863

 

26,079

 

22,835

 

23,028

 

18,223

 

17,410

 

35,633

 

Total Mortgage Loan Fundings

 

$

48,834

 

$

46,772

 

$

42,244

 

$

44,114

 

$

32,633

 

$

30,937

 

$

63,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings by Product:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government Fundings

 

$

1,032

 

$

958

 

$

886

 

$

890

 

$

856

 

$

816

 

$

1,672

 

ARM Fundings

 

$

24,011

 

$

23,146

 

$

21,052

 

$

22,356

 

$

16,835

 

$

15,682

 

$

32,517

 

Home Equity Fundings

 

$

3,818

 

$

3,569

 

$

3,714

 

$

4,020

 

$

3,476

 

$

3,411

 

$

6,887

 

Nonprime Fundings

 

$

4,036

 

$

3,876

 

$

3,899

 

$

4,405

 

$

3,042

 

$

2,845

 

$

5,887

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MORTGAGE LOAN SERVICING (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

$

1,047,623

 

$

1,070,077

 

$

1,092,104

 

$

1,111,090

 

$

1,126,610

 

$

1,137,344

 

 

 

Units

 

7,203,562

 

7,294,228

 

7,379,806

 

7,431,949

 

7,500,434

 

7,542,493

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subservicing Volume (4)

 

$

27,556

 

$

30,641

 

$

32,265

 

$

29,901

 

$

29,141

 

$

28,776

 

 

 

Subservicing Units

 

256,935

 

267,847

 

268,954

 

261,078

 

247,185

 

250,832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepayments in Full

 

$

21,443

 

$

20,625

 

$

19,125

 

$

17,810

 

$

13,548

 

$

14,463

 

$

28,011

 

Bulk Servicing Acquisitions

 

$

59

 

$

5,462

 

$

997

 

$

1,686

 

$

40

 

$

37

 

$

77

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio Delinquency - CHL (5)

 

4.03

%

4.32

%

4.58

%

4.61

%

4.42

%

4.29

%

 

 

Foreclosures Pending - CHL (5)

 

0.42

%

0.41

%

0.43

%

0.44

%

0.46

%

0.47

%

 

 

 


 

 

 

Feb-05

 

Mar-05

 

Apr-05

 

May-05

 

Jun-05

 

Jul-05

 

Aug-05

 

LOAN CLOSING SERVICES (units)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Reports

 

696,309

 

872,342

 

807,247

 

830,477

 

886,555

 

856,161

 

914,659

 

Flood Determinations

 

260,748

 

296,382

 

287,393

 

306,636

 

350,861

 

290,446

 

318,626

 

Appraisals

 

76,441

 

97,743

 

91,952

 

102,056

 

113,910

 

106,283

 

123,082

 

Automated Property Valuation Services

 

508,279

 

655,246

 

574,803

 

591,654

 

615,269

 

726,083

 

750,312

 

Other

 

15,337

 

18,862

 

13,938

 

13,107

 

15,109

 

13,311

 

16,786

 

Total Units

 

1,557,114

 

1,940,575

 

1,775,333

 

1,843,930

 

1,981,704

 

1,992,284

 

2,123,465

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL MARKETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities Trading Volume (6)

 

$

256,305

 

$

324,100

 

$

254,172

 

$

296,724

 

$

336,598

 

$

295,824

 

$

345,998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets Held by Countrywide Bank (in billions)

 

$

45.9

 

$

51.1

 

$

56.0

 

$

61.5

 

$

65.5

 

$

69.6

 

$

72.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSURANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier

 

$

49.3

 

$

52.0

 

$

53.6

 

$

56.6

 

$

62.2

 

$

67.1

 

$

53.7

 

Reinsurance

 

14.8

 

14.4

 

14.4

 

14.2

 

14.5

 

14.4

 

14.8

 

Total Net Premiums Earned

 

$

64.1

 

$

66.4

 

$

68.0

 

$

70.8

 

$

76.7

 

$

81.5

 

$

68.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GLOBAL OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Home Loans Subservicing Volume (in billions)

 

$

118

 

$

115

 

$

116

 

$

111

 

$

109

 

$

106

 

$

109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workforce Head Count: (7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Originations

 

25,183

 

25,470

 

26,024

 

27,076

 

28,482

 

29,393

 

30,853

 

Loan Servicing

 

6,259

 

6,367

 

6,559

 

6,783

 

6,992

 

7,131

 

7,415

 

Loan Closing Services

 

1,221

 

1,290

 

1,293

 

1,343

 

1,421

 

1,464

 

1,528

 

Banking

 

1,562

 

1,585

 

1,621

 

1,653

 

1,714

 

1,798

 

1,896

 

Capital Markets

 

579

 

588

 

592

 

597

 

620

 

638

 

640

 

Insurance

 

1,913

 

1,925

 

1,982

 

2,003

 

2,039

 

2,068

 

2,074

 

Global Operations

 

2,345

 

2,362

 

2,373

 

2,484

 

2,575

 

2,557

 

2,703

 

Corporate Overhead & Other

 

4,059

 

4,070

 

4,106

 

4,232

 

4,337

 

4,375

 

4,492

 

Total Workforce Head Count

 

43,121

 

43,657

 

44,550

 

46,171

 

48,180

 

49,424

 

51,601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period-end Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10-Year U.S. Treasury Yield

 

4.36

%

4.50

%

4.21

%

4.00

%

3.94

%

4.28

%

4.02

%

FNMA 30-Year Fixed Rate MBS Coupon

 

5.34

%

5.48

%

5.28

%

5.02

%

5.00

%

5.36

%

5.15

%

 

 

 

Sep-05

 

Oct-05

 

Nov-05

 

Dec-05

 

Jan-06

 

Feb-06

 

YTD

 

LOAN CLOSING SERVICES (units)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Reports

 

822,119

 

800,675

 

764,650

 

657,448

 

821,967

 

788,038

 

1,610,005

 

Flood Determinations

 

320,502

 

314,302

 

301,893

 

294,120

 

275,546

 

253,647

 

529,193

 

Appraisals

 

110,006

 

111,172

 

105,296

 

96,598

 

86,503

 

80,234

 

166,737

 

Automated Property Valuation Services

 

710,337

 

706,351

 

618,304

 

457,504

 

967,896

 

497,300

 

1,465,196

 

Other

 

15,249

 

14,424

 

15,626

 

15,261

 

15,866

 

15,718

 

31,584

 

Total Units

 

1,978,213

 

1,946,924

 

1,805,769

 

1,520,931

 

2,167,778

 

1,634,937

 

3,802,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL MARKETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities Trading Volume (6)

 

$

329,551

 

$

270,724

 

$

307,234

 

$

286,037

 

$

314,858

 

$

292,307

 

$

607,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assets Held by Countrywide Bank (in billions)

 

$

71.0

 

$

71.7

 

$

72.3

 

$

73.1

 

$

76.1

 

$

78.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSURANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier

 

$

74.6

 

$

70.8

 

$

72.9

 

$

105.6

 

$

79.4

 

$

73.2

 

$

152.6

 

Reinsurance

 

15.5

 

15.7

 

17.0

 

16.5

 

17.0

 

17.4

 

34.4

 

Total Net Premiums Earned

 

$

90.1

 

$

86.5

 

$

89.9

 

$

122.1

 

$

96.4

 

$

90.6

 

$

187.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GLOBAL OPERATIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Global Home Loans Subservicing Volume (in billions)

 

$

106

 

$

106

 

$

103

 

$

102

 

$

105

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workforce Head Count: (7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Originations

 

31,318

 

31,800

 

31,943

 

31,832

 

32,003

 

32,127

 

 

 

Loan Servicing

 

7,552

 

7,683

 

7,830

 

7,923

 

8,041

 

8,158

 

 

 

Loan Closing Services

 

1,571

 

1,619

 

1,648

 

1,648

 

1,615

 

1,585

 

 

 

Banking

 

2,039

 

2,092

 

2,101

 

2,078

 

2,156

 

2,230

 

 

 

Capital Markets

 

653

 

661

 

673

 

683

 

699

 

712

 

 

 

Insurance

 

2,053

 

2,043

 

2,096

 

2,100

 

2,139

 

2,147

 

 

 

Global Operations

 

2,865

 

2,902

 

3,050

 

3,251

 

3,369

 

1,875

 

 

 

Corporate Overhead & Other

 

4,632

 

4,767

 

4,881

 

4,941

 

5,046

 

5,125

 

 

 

Total Workforce Head Count

 

52,683

 

53,567

 

54,222

 

54,456

 

55,068

 

53,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period-end Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10-Year U.S. Treasury Yield

 

4.34

%

4.57

%

4.49

%

4.39

%

4.53

%

4.55

%

 

 

FNMA 30-Year Fixed Rate MBS Coupon

 

5.51

%

5.80

%

5.85

%

5.75

%

5.76

%

5.73

%

 

 

 

(1)

 

These loans are processed for Countrywide Bank by the Company’s Mortgage Banking production divisions. The amounts include loans funded for both investment purposes and for sale. The Company will report the amount of such loans subsequently sold on a quarterly basis.

(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.

(3)

 

Includes loans held for sale, loans held for investment, and loans serviced for others, including those under subservicing agreements.

(4)

 

Subservicing volume for non-Countrywide entities.

(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 Segment.

(7)

 

Workforce Head Count includes full-time employees, contract, and temporary help.

 

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