EX-99.2 3 a07-1799_1ex99d2.htm 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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