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): January 12, 2007

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):

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

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

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

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

Item 2.02.Results of Operations and Financial Condition

On January 12, 2007, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended December 31, 2006, a copy of which is attached as Exhibit 99.1.  On January 12, 2007, 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

(d)Exhibits

99.1Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended December 31, 2006.

99.2Thirteen-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
Dated: January 12, 2007
	Laura Milleman
	Senior Managing Director and Chief Accounting Officer

EXHIBIT INDEX

Exhibit

No.      

99.1Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended December 31, 2006.

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

EX-99.1

Exhibit 99.1

NEWS

INVESTOR CONTACT:         (818) 225-3550

David Bigelow or Lisa Riordan

MEDIA CONTACT: (800) 796-8448

COUNTRYWIDE REPORTS DECEMBER 2006 OPERATIONAL RESULTS

CALABASAS, CA (January 12, 2007) – Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended December 31, 2006.  Key operational results included the following:

·Mortgage loan fundings for the month of December were $42 billion, down 7 percent from December 2005, but were 9 percent higher than November 2006.  Total mortgage loan funding volume for the fourth quarter of 2006 was $122 billion and was the highest quarterly mortgage loan funding volume for 2006; however, this represented a decline of 9 percent compared to the fourth quarter of 2005.

—Monthly purchase volume of $17 billion was down 20 percent from December 2005.  Fourth quarter purchase volume of $51 billion declined 18 percent from the same prior year quarter.

—Home equity loan fundings were down 19 percent from December 2005 to $3.3 billion at December 2006.  Fourth quarter 2006 home equity volume of $11 billion decreased by 5 percent as compared to the last quarter of 2005.

—Nonprime loan fundings for the month of December were $3.7 billion, as compared to $4.4 billion in December 2005.  Nonprime activity for the fourth quarter of 2006 of $10 billion was down by 17 percent as compared to the same quarter last year.

—On a consolidated basis, Countrywide funded $2.9 billion in pay-option loans during the month as compared to $8.0 billion in December 2005.  Fourth quarter 2006 pay-option fundings were $10 billion as compared to $24 billion for 2005’s fourth quarter.  For the 2006 full year, pay-option fundings were $64 billion, which compares to $95 billion for 2005.

—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 December was $2.7 billion, up 11 percent from December 2005.  The mortgage loan pipeline was $57 billion at December 31, 2006 as compared to $60 billion at December 31, 2005.

·The mortgage loan servicing portfolio continued to grow, reaching $1.3 trillion at December 31, 2006.  This is an increase of $187 billion, or 17 percent, from December 31, 2005.

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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.

·Banking Operations’ assets were $83 billion at December 31, 2006, an increase of 14 percent from December 31, 2005.

·Securities trading volume in the Capital Markets segment totaled $362 billion for December 2006, rising 26 percent as compared to December 2005.  For the fourth quarter of 2006, securities trading volume was $987 billion, surpassing last year’s fourth quarter by 14 percent.

·Net earned premiums from the Insurance segment totaled $106 million, down 13 percent from December 2005.  Net earned premiums for the 2006 fourth quarter totaled $307 million, which compares to $299 million for the fourth quarter of 2005.

“Despite a transitional and challenging mortgage market throughout 2006, Countrywide produced strong operational results for the year,” said Angelo R. Mozilo, Chairman and Chief Executive Officer.  “While the 2006 mortgage market reflected excess capacity and strong competition, Countrywide’s total mortgage loan funding volume of $463 billion for the year was down less than 7 percent from the record level set in 2005.  This compares favorably to the industry, which is forecasted to decline by 15 to 20 percent.  Our servicing portfolio continued its upward path, reaching $1.3 trillion at year-end.  And strong operational metrics were achieved in all our other business segments — $83 billion in Banking Operations’ assets, $3.8 trillion in securities trading volume and $1.2 billion in net earned premiums.”

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 fixed income securities underwriting and trading activities; 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 ratings 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; failure to attract and retain a highly skilled workforce; 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. ã2002 Countrywide Financial Corporation.
Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries.  All rights reserved. 2

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COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

OPERATING STATISTICS(1)

(Dollars in Millions)

	Month Ended						Year-to-Date
	December 31			December 31			December 31		December 31
	2006			2005			2006		2005
LOAN PRODUCTION
Number of Working Days in the Period	20			21			252		252
Average Daily Mortgage Loan Applications	$	2,735		$	2,467		$	2,643	$	2,700
Mortgage Loan Pipeline (loans-in-process)	$	57,217		$	59,651
Commercial Real Estate Loan Pipeline (loans-in-process)	$	1,991		$	803
Loan Fundings (2):
Retail Lending	$	13,949		$	12,735		$	155,779	$	155,290
Wholesale Lending	7,781			8,607			95,537		102,742
Correspondent Lending	18,370			18,266			185,331		211,887
Capital Markets Purchases	1,575			4,506			17,658		21,028
Banking Operations Purchases (2)	55			628			8,196		4,429
Total Mortgage Loan Fundings	41,730			44,742			462,501		495,376
Commercial Real Estate Lending	1,093			362			5,671		3,925
Total Loan Fundings	$	42,823		$	45,104		$	468,172	$	499,301
Total Bank Mortgage Loan Fundings (3)	$	15,744		$	5,108		$	129,772	$	54,515
Loan Fundings in Units (2):
Retail Lending	78,754			81,628			982,135		1,007,615
Wholesale Lending	38,199			41,380			466,265		508,753
Correspondent Lending	89,483			91,459			926,467		1,080,139
Capital Markets Purchases	5,860			17,250			67,763		81,828
Banking Operations Purchases (2)	183			1,549			63,801		51,539
Total Mortgage Loan Fundings	212,479			233,266			2,506,431		2,729,874
Commercial Real Estate Lending	87			28			620		258
Total Loan Fundings	212,566			233,294			2,507,051		2,730,132
Total Bank Mortgage Loan Fundings (3)	87,509			36,665			838,174		468,857
Mortgage Loan Fundings (2)(4):
Purchase	$	17,147		$	21,302		$	208,321	$	233,822
Non-purchase	24,583			23,440			254,180		261,554
Total Mortgage Loan Fundings	$	41,730		$	44,742		$	462,501	$	495,376
Mortgage Loan Fundings by Product (2):
Government Fundings	$	1,240		$	890		$	13,093	$	10,714
ARM Fundings	$	15,222		$	22,984		$	210,902	$	261,216
Home Equity Fundings	$	3,271		$	4,020		$	47,876	$	44,850
Nonprime Fundings	$	3,739		$	4,405		$	40,596	$	44,637
MORTGAGE LOAN SERVICING (5)
Volume	$	1,298,394		$	1,111,090
Units	8,198,873			7,431,949
Subservicing Volume (6)	$	18,275		$	29,901
Subservicing Units	179,293			261,078
Prepayments in Full	$	21,315		$	17,810		$	216,801	$	227,771
Bulk Servicing Acquisitions	$	6,589		$	1,686		$	15,781	$	51,377
Portfolio Delinquency - CHL (7)	5.02		%	4.61		%
Foreclosures Pending - CHL (7)	0.65		%	0.44		%

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COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

OPERATING STATISTICS(1)

(Dollars in Millions)

	Month Ended				Year-to-Date
	December 31		December 31		December 31		December 31
	2006		2005		2006		2005
LOAN CLOSING SERVICES (units)
Credit Reports	675,767		657,448		9,968,400		9,603,815
Flood Determinations	260,263		294,120		3,376,840		3,575,409
Appraisals	109,116		96,598		1,277,405		1,202,848
Automated Property Valuation Services	447,833		457,504		8,093,544		7,410,611
Other	22,031		15,261		214,493		183,037
Total Units	1,515,010		1,520,931		22,930,682		21,975,720
CAPITAL MARKETS
Securities Trading Volume (8)	$	361,725	$	286,037	$	3,832,900	$	3,551,483
BANKING
Banking Operations Assets (in billions)	$	83	$	73
INSURANCE
Net Premiums Earned:
Carrier	$	85.6	$	105.6	$	947.8	$	773.0
Reinsurance	20.3		16.5		223.5		180.7
Total Net Premiums Earned	$	105.9	$	122.1	$	1,171.3	$	953.7
Period-end Rates
10-Year U.S. Treasury Yield	4.71%		4.39%
FNMA 30-Year Fixed Rate MBS Coupon	5.79%		5.75%

(1) This data reflects 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) During December 2006, the Company began reporting Banking Operations purchases from third parties. Prior months have been restated to reflect these purchases.

(3) These loans are either processed for Countrywide Bank by the Company’s Mortgage Banking production divisions or purchased from non-affiliates and are included in “Total Mortgage Loan Fundings” above.  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.

(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

Exhibit 99.2

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

	Dec-05	Jan-06	Feb-06	Mar-06	Apr-06	May-06	Jun-06	Jul-06	Aug-06	Sep-06	Oct-06	Nov-06	Dec-06	YTD
LOAN PRODUCTION
Number of Working Days in the Period	21	20	19	23	20	22	22	20	23	20	22	21	20	252
Average Daily Mortgage Loan Applications	$      2,467	$      2,408	$      2,505	$      2,687	$      2,562	$      2,667	$      2,731	$      2,539	$      2,645	$      2,836	$      2,642	$      2,729	$      2,735	$    2,643
Mortgage Loan Pipeline (loans-in-process)	$    59,651	$    57,351	$    59,336	$    64,167	$    63,739	$    65,577	$    64,979	$    62,230	$    64,125	$    65,316	$    60,939	$    62,004	$    57,217
Commercial Real Estate Loan Pipeline (loans-in-process)	$         803	$         692	$         792	$         599	$         709	$      1,116	$      1,297	$      1,204	$      1,730	$      1,415	$      1,824	$      2,232	$      1,991
Loan Fundings (1):
Retail Lending	$    12,735	$    10,304	$    10,809	$    13,513	$    12,413	$    14,170	$    14,708	$    12,978	$    14,021	$    12,436	$    13,669	$    12,809	$    13,949	$155,779
Wholesale Lending	8,607	7,141	7,159	9,349	8,419	9,083	9,283	7,786	8,193	7,229	7,464	6,650	7,781	95,537
Correspondent Lending	18,266	14,233	11,223	15,680	13,263	13,325	15,332	14,023	16,185	16,534	19,399	17,764	18,370	185,331
Capital Markets Purchases	4,506	955	1,746	1,306	1,943	1,996	2,674	944	1,782	1,596	576	565	1,575	17,658
Banking Operations Purchases (1)	628	151	393	1,570	307	159	1,434	1,212	1,345	292	788	490	55	8,196
Total Mortgage Loan Fundings	44,742	32,784	31,330	41,418	36,345	38,733	43,431	36,943	41,526	38,087	41,896	38,278	41,730	462,501
Commercial Real Estate Lending	362	235	268	463	252	281	464	427	273	646	406	863	1,093	5,671
Total Loan Fundings	$    45,104	$    33,019	$    31,598	$    41,881	$    36,597	$    39,014	$    43,895	$    37,370	$    41,799	$    38,733	$    42,302	$    39,141	$    42,823	$468,172
Total Bank Mortgage Loan Fundings (2)	$      5,108	$      4,334	$      4,218	$      6,121	$      5,303	$      8,209	$    12,491	$    13,057	$    14,578	$    11,998	$    17,994	$    15,725	$    15,744	$129,772
Loan Fundings in Units (1):
Retail Lending	81,628	69,073	72,924	88,971	81,216	90,906	92,204	82,294	88,698	78,388	83,206	75,501	78,754	982,135
Wholesale Lending	41,380	34,735	34,947	45,660	40,501	43,783	44,785	37,798	40,740	35,448	36,813	32,856	38,199	466,265
Correspondent Lending	91,459	71,049	55,858	76,598	65,684	66,904	77,911	71,023	82,777	85,213	96,120	87,847	89,483	926,467
Capital Markets Purchases	17,250	3,777	6,737	4,871	7,749	7,509	9,942	3,716	6,978	5,832	2,594	2,198	5,860	67,763
Banking Operations Purchases (1)	1,549	433	1,147	4,869	5,863	2,644	25,473	3,709	5,683	807	11,463	1,527	183	63,801
Total Mortgage Loan Fundings	233,266	179,067	171,613	220,969	201,013	211,746	250,315	198,540	224,876	205,688	230,196	199,929	212,479	2,506,431
Commercial Real Estate Lending	28	26	24	38	32	45	66	40	39	56	97	70	87	620
Total Loan Fundings	233,294	179,093	171,637	221,007	201,045	211,791	250,381	198,580	224,915	205,744	230,293	199,999	212,566	2,507,051
Total Bank Mortgage Loan Fundings (2)	36,665	32,055	31,854	41,877	43,776	60,562	100,859	78,490	88,429	74,449	111,016	87,298	87,509	838,174
Mortgage Loan Fundings (1)(3):
Purchase	$    21,302	$    14,449	$    13,620	$    18,941	$    16,629	$    18,334	$    21,072	$    17,484	$    19,605	$    17,677	$    17,403	$    15,960	$    17,147	$208,321
Non-purchase	23,440	18,335	17,710	22,477	19,716	20,399	22,359	19,459	21,921	20,410	24,493	22,318	24,583	254,180
Total Mortgage Loan Fundings	$    44,742	$    32,784	$    31,330	$    41,418	$    36,345	$    38,733	$    43,431	$    36,943	$    41,526	$    38,087	$    41,896	$    38,278	$    41,730	$462,501
Mortgage Loan Fundings by Product (1):
Government Fundings	$         890	$         856	$         816	$      1,206	$      1,045	$      1,108	$      1,161	$      1,047	$      1,161	$      1,036	$      1,241	$      1,176	$      1,240	$  13,093
ARM Fundings	$    22,984	$    16,986	$    16,068	$    20,668	$    17,344	$    19,667	$    21,159	$    18,125	$    19,323	$    15,778	$    16,259	$    14,303	$    15,222	$210,902
Home Equity Fundings	$      4,020	$      3,476	$      3,411	$      4,176	$      4,192	$      4,367	$      5,619	$      3,810	$      4,275	$      3,766	$      4,294	$      3,219	$      3,271	$  47,876
Nonprime Fundings	$      4,405	$      3,042	$      2,845	$      3,318	$      3,292	$      3,807	$      4,107	$      3,354	$      3,722	$      3,058	$      3,254	$      3,058	$      3,739	$  40,596
MORTGAGE LOAN SERVICING (4)
Volume	$1,111,090	$1,126,610	$1,137,344	$1,152,651	$1,164,010	$1,179,179	$1,196,720	$1,210,919	$1,228,518	$1,244,311	$1,263,061	$1,278,101	$1,298,394
Units	7,431,949	7,500,434	7,542,493	7,604,711	7,637,270	7,686,777	7,757,724	7,813,034	7,890,954	7,964,033	8,043,817	8,110,072	8,198,873
Subservicing Volume(5)	$    29,901	$    29,141	$    28,776	$    26,172	$    22,541	$    22,243	$    21,975	$    22,012	$    23,179	$    20,552	$    21,125	$    18,692	$    18,275
Subservicing Units	261,078	247,185	250,832	238,767	216,296	212,483	209,564	207,213	209,126	193,536	193,170	183,359	179,293
Prepayments in Full	$    17,810	$    13,548	$    14,463	$    18,992	$    16,540	$    19,037	$    19,685	$    16,934	$    19,783	$    16,907	$    20,142	$    19,455	$    21,315	$216,801
Bulk Servicing Acquisitions	$      1,686	$           40	$           37	$           24	$           16	$           26	$           29	$           34	$         534	$      2,375	$      3,913	$      2,164	$      6,589	$  15,781
Portfolio Delinquency - CHL (6)	4.61%	4.42%	4.29%	3.68%	4.06%	3.91%	3.92%	4.11%	4.15%	4.50%	4.43%	4.57%	5.02%
Foreclosures Pending - CHL (6)	0.44%	0.46%	0.47%	0.47%	0.46%	0.47%	0.47%	0.48%	0.50%	0.52%	0.56%	0.60%	0.65%

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

	Dec-05	Jan-06	Feb-06	Mar-06	Apr-06	May-06	Jun-06	Jul-06	Aug-06	Sep-06	Oct-06	Nov-06	Dec-06	YTD
LOAN CLOSING SERVICES (units)
Credit Reports	657,448	821,967	788,038	952,880	820,238	906,653	893,541	818,603	920,379	788,458	837,157	744,719	675,767	9,968,400
Flood Determinations	294,120	275,546	253,647	325,135	276,384	313,710	316,722	196,237	302,948	273,293	290,196	292,759	260,263	3,376,840
Appraisals	96,598	86,503	80,234	112,836	99,621	116,380	119,292	102,950	117,367	104,930	118,105	110,071	109,116	1,277,405
Automated Property Valuation Services	457,504	967,896	497,300	590,348	1,048,619	527,849	488,613	444,637	939,734	699,238	539,126	902,351	447,833	8,093,544
Other	15,261	15,866	15,718	18,194	12,634	18,536	17,203	15,160	19,918	17,471	21,167	20,595	22,031	214,493
Total Units	1,520,931	2,167,778	1,634,937	1,999,393	2,257,496	1,883,128	1,835,371	1,577,587	2,300,346	1,883,390	1,805,751	2,070,495	1,515,010	22,930,682
CAPITAL MARKETS
Securities Trading Volume (7)	$  286,037	$  314,858	$  292,307	$  371,190	$  281,690	$  331,804	$  320,842	$  278,625	$  353,106	$  301,179	$  299,790	$  325,784	$  361,725	$3,832,900
BANKING
Banking Operations Assets (in billions)	$           73	$           75	$           75	$           78	$           79	$           80	$           84	$           85	$           87	$           88	$           83	$           82	$           83
INSURANCE
Net Premiums Earned:
Carrier	$      105.6	$        79.4	$        73.2	$        75.4	$        73.1	$        72.9	$        83.1	$        75.5	$        92.1	$        76.5	$        81.0	$        80.0	$        85.6	$      947.8
Reinsurance	16.5	17.0	17.4	17.4	18.7	17.9	18.6	18.4	18.7	19.5	19.5	20.1	20.3	223.5
Total Net Premiums Earned	$      122.1	$        96.4	$        90.6	$        92.8	$        91.8	$        90.8	$      101.7	$        93.9	$      110.8	$        96.0	$      100.5	$      100.1	$      105.9	$   1,171.3
Workforce Head Count: (8) (9)
Loan Originations	30,619	30,721	30,826	31,211	31,789	32,360	32,515	32,253	32,310	32,013	32,395	31,906	31,606
Loan Servicing	7,460	7,590	7,687	7,816	7,771	7,683	7,390	7,138	7,003	6,959	6,951	6,968	6,980
Loan Closing Services	1,648	1,615	1,585	1,589	1,582	1,618	1,709	1,764	1,699	1,665	1,668	1,657	1,681
Banking	2,078	2,156	2,230	2,273	2,342	2,366	2,414	2,463	2,473	2,476	2,075	2,047	1,997
Capital Markets	683	699	712	726	738	779	809	842	838	858	854	878	886
Insurance	2,100	2,139	2,147	2,146	2,089	2,105	2,113	2,124	2,141	2,135	2,095	2,052	1,980
Global Operations	3,251	3,369	1,875	1,989	2,022	2,066	2,034	2,028	2,126	2,291	2,550	2,652	2,784
Corporate Overhead & Other	6,617	6,779	6,897	7,002	7,156	7,286	7,427	7,447	7,319	7,167	6,846	6,802	6,741
Total Workforce Head Count	54,456	55,068	53,959	54,752	55,489	56,263	56,411	56,059	55,909	55,564	55,434	54,962	54,655
Period-end Rates
10-Year U.S. Treasury Yield	4.39%	4.53%	4.55%	4.86%	5.07%	5.12%	5.15%	4.99%	4.74%	4.64%	4.61%	4.46%	4.71%
FNMA 30-Year Fixed Rate MBS Coupon	5.75%	5.76%	5.73%	6.01%	6.10%	6.31%	6.37%	6.15%	5.93%	5.86%	5.79%	5.57%	5.79%

(1) During December 2006, the Company began reporting Banking Operations purchases from third parties.  Prior months have been restated to reflect these purchases.

(2) These loans are either processed for Countrywide Bank by the Company’s Mortgage Banking production divisions or purchased from non-affiliates and are included in “Total Mortgage Loan Fundings” above. 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.

(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.

(9) During June 2006, certain Information Technology functions were realigned within the Company.  As a result, certain staff have been reclassified into “Corporate Overhead.”  Prior months’ workforce have been restated to reflect this realignment.

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