8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSIONWashington, 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): March 12, 2007

COUNTRYWIDE FINANCIAL CORPORATION(Exact name of registrant as specified in its charter)

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

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

Item 2.02.              Results of Operations and Financial Condition

On March 12, 2007, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended February 28, 2007, a copy of which is attached as Exhibit 99.1.  On March 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

99.1	Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended February 28, 2007.
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/ Lawrence R. Gee
Dated: March 12, 2007	Lawrence R. Gee
	Managing Director, Technical Accounting

EXHIBIT INDEX

Exhibit No.
99.1	Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended February 28, 2007.
99.2	Thirteen-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 FEBRUARY 2007 OPERATIONAL RESULTS

CALABASAS, CA (March 12, 2007) — Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended February 28, 2007.  Key operational results included the following:

·Mortgage loan fundings for the month of February were $35 billion, an increase of 10 percent from February 2006.

—Monthly purchase volume of $13 billion was down 7 percent from February 2006.

—Home equity loan fundings declined 13 percent from February 2006 to $3.0 billion at February 2007.

—Nonprime loan fundings for the month of February were $2.6 billion, as compared to $2.8 billion in February 2006.

—On a consolidated basis, Countrywide funded $2.4 billion in pay-option loans during the month as compared to $6.0 billion in February 2006.  Year-to-date pay-option loan fundings totaled $5.1 billion, as compared to $12.9 billion for the same prior year period.

—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 February 2007 was $3.0 billion, up 20 percent from February 2006.  The mortgage loan pipeline was $64 billion at February 28, 2007 as compared to $59 billion at February 28, 2006.

·The mortgage loan servicing portfolio continued to grow, totaling $1.33 trillion at February 28, 2007.  This is an increase of $195 billion, or 17 percent, from February 28, 2006.

·Banking Operations’ assets were $84 billion at February 28, 2007, which compares to $75 billion at February 28, 2006.

·Securities trading volume in the Capital Markets segment of $289 billion for February 2007 was down 1 percent when compared to the same month last year.

·Net earned premiums from the Insurance segment totaled $111 million, up 22 percent from February 2006.

(more)

“February mortgage loan fundings were $35 billion, up 10 percent from the same period a year ago,” said David Sambol, President and Chief Operating Officer.  “Importantly, retail volume was up 11 percent year over year, demonstrating the positive impact from our retail salesforce growth initiatives.  In fact, Countrywide captured the #1 spot in retail originations for the fourth quarter of 2006 according to Inside Mortgage Finance.

“The nonprime lending industry is currently experiencing significant volatility and instability,” Sambol continued. “As a result, many nonprime competitors have recently exited the market and other lenders have suggested their continued viability is in question.  Aggressive industry underwriting guidelines and lower home price appreciation have resulted in increasing delinquencies and defaults.  Furthermore, as a result of investor concerns about nonprime loan performance, yield requirements have increased and secondary market liquidity has been reduced.  These factors will adversely impact residual valuations and gains on sale of nonprime loans until market conditions improve.

“In response to market factors, management has implemented changes to our origination policies to mitigate future exposure including further tightening of underwriting guidelines.  Nonprime fundings were only 7 percent of total mortgage loan fundings in February and recent nonprime application volumes have declined as a result of our recent policy changes. At December 31, 2006, our nonprime residuals amounted to $402 million, which represents 0.2 percent of the Company’s assets.

“Management views that the long term impact of the current nonprime market dynamics is positive for both the industry and Countrywide,” Sambol concluded.  “The industry should benefit from more rational underwriting and pricing as excess lending capacity is eliminated.  Countrywide is well positioned to take advantage of this market disruption due to its experience, operating controls, strong liquidity profile and relatively low exposure to nonprime.  Nonetheless, the Company may experience short term earnings volatility during this transition period.”

About Countrywide

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.

(more)

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 such as slower or negative home price appreciation; 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; increases in the delinquency rates of borrowers; 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)

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

OPERATING STATISTICS (1)

(Dollars in Millions)

	Month Ended						Year-to-Date
	February 28 2007			February 28 2006			February 28 2007		February 28 2006
LOAN PRODUCTION
Number of Working Days in the Period	19			19			40		39
Average Daily Mortgage Loan Applications	$	3,009		$	2,505		$	2,910	$	2,455
Mortgage Loan Pipeline (loans-in-process)	$	63,945		$	59,336
Commercial Real Estate Loan Pipeline (loans-in-process)	$	2,381		$	792
Loan Fundings (2):
Retail Lending	$	11,955		$	10,809		$	24,602	$	21,113
Wholesale Lending	6,874			7,159			14,029		14,300
Correspondent Lending	14,896			11,223			31,157		25,456
Capital Markets Purchases	566			1,746			875		2,701
Banking Operations Purchases (2)	278			393			1,019		544
Total Mortgage Loan Fundings	34,569			31,330			71,682		64,114
Commercial Real Estate Lending	693			268			1,347		503
Total Loan Fundings	$	35,262		$	31,598		$	73,029	$	64,617
Total Bank Mortgage Loan Fundings (3)	$	13,669		$	4,218		$	29,189	$	8,552
Loan Fundings in Units (2):
Retail Lending	67,241			72,924			137,453		141,997
Wholesale Lending	32,665			34,947			66,983		69,682
Correspondent Lending	73,413			55,858			153,608		126,907
Capital Markets Purchases	1,817			6,737			2,768		10,514
Banking Operations Purchases (2)	2,670			1,147			12,065		1,580
Total Mortgage Loan Fundings	177,806			171,613			372,877		350,680
Commercial Real Estate Lending	64			24			124		50
Total Loan Fundings	177,870			171,637			373,001		350,730
Total Bank Mortgage Loan Fundings (3)	78,823			31,854			169,999		63,909
Mortgage Loan Fundings (2)(4):
Purchase	$	12,633		$	13,620		$	25,901	$	28,069
Non-purchase	21,936			17,710			45,781		36,045
Total Mortgage Loan Fundings	$	34,569		$	31,330		$	71,682	$	64,114
Mortgage Loan Fundings by Product (2):
Government Fundings	$	1,033		$	816		$	2,133	$	1,672
ARM Fundings	$	12,533		$	16,068		$	26,281	$	33,054
Home Equity Fundings	$	2,977		$	3,411		$	6,563	$	6,887
Nonprime Fundings	$	2,587		$	2,845		$	5,526	$	5,887
MORTGAGE LOAN SERVICING (5)
Volume	$	1,332,485		$	1,137,344
Units	8,347,533			7,542,493
Subservicing Volume (6)	$	16,455		$	28,776
Subservicing Units	170,625			250,832
Prepayments in Full	$	17,810		$	14,463		$	36,936	$	28,011
Bulk Servicing Acquisitions	$	6,136		$	37		$	7,239	$	77
Portfolio Delinquency - CHL(7)	4.71		%	4.29		%
Foreclosures Pending - CHL(7)	0.70		%	0.47		%
LOAN CLOSING SERVICES (units)
Credit Reports	823,272			788,038			1,721,190		1,610,005
Flood Determinations	247,297			253,647			557,637		529,193
Appraisals	104,652			80,234			213,102		166,737
Automated Property Valuation Services	1,257,809			497,300			1,797,248		1,465,196
Other	23,599			15,718			49,355		31,584
Total Units	2,456,629			1,634,937			4,338,532		3,802,715
CAPITAL MARKETS
Securities Trading Volume(8)	$	288,731		$	292,307		$	601,397	$	607,165
BANKING
Banking Operations Assets (in billions)	$	84		$	75
INSURANCE
Net Premiums Earned:
Carrier	$	89.1		$	73.2		$	179.8	$	152.6
Reinsurance	21.6			17.4			42.4		34.4
Total Net Premiums Earned	$	110.7		$	90.6		$	222.2	$	187.0
Period-end Rates
10-Year U.S. Treasury Yield	4.56		%	4.55		%
FNMA 30-Year Fixed Rate MBS Coupon	5.72		%	5.73		%

(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)

	Feb-06		Mar-06		Apr-06		May-06		Jun-06		Jul-06		Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		YTD
LOAN PRODUCTION
Number of Working Days in the Period	19		23		20		22		22		20		23		20		22		21		20		21		19		40
Average Daily Mortgage Loan Applications	$       2,505		$       2,687		$       2,562		$       2,667		$       2,731		$       2,539		$       2,645		$       2,836		$       2,642		$       2,729		$       2,735		$       2,820		$       3,009		$      2,910
Mortgage Loan Pipeline (loans-in-process)	$     59,336		$     64,167		$     63,739		$     65,577		$     64,979		$     62,230		$     64,125		$     65,316		$     60,939		$     62,004		$     57,217		$     58,697		$     63,945
Commercial Real Estate Loan Pipeline (loans-in-process)	$          792		$          599		$          709		$       1,116		$       1,297		$       1,204		$       1,730		$       1,415		$       1,824		$       2,232		$       1,991		$       1,954		$       2,381
Loan Fundings (1):
Retail Lending	$     10,809		$     13,513		$     12,413		$     14,170		$     14,708		$     12,978		$     14,021		$     12,436		$     13,669		$     12,809		$     13,949		$     12,647		$     11,955		$    24,602
Wholesale Lending	7,159		9,349		8,419		9,083		9,283		7,786		8,193		7,229		7,464		6,650		7,781		7,155		6,874		14,029
Correspondent Lending	11,223		15,680		13,263		13,325		15,332		14,023		16,185		16,534		19,399		17,764		18,370		16,261		14,896		31,157
Capital Markets Purchases	1,746		1,306		1,943		1,996		2,674		944		1,782		1,596		576		565		1,575		309		566		875
Banking Operations Purchases (1)	393		1,570		307		159		1,434		1,212		1,345		292		788		490		55		741		278		1,019
Total Mortgage Loan Fundings	31,330		41,418		36,345		38,733		43,431		36,943		41,526		38,087		41,896		38,278		41,730		37,113		34,569		71,682
Commercial Real Estate Lending	268		463		252		281		464		427		273		646		406		863		1,093		654		693		1,347
Total Loan Fundings	$     31,598		$     41,881		$     36,597		$     39,014		$     43,895		$     37,370		$     41,799		$     38,733		$     42,302		$     39,141		$     42,823		$     37,767		$     35,262		$    73,029
Total Bank Mortgage Loan Fundings (2)	$       4,218		$       6,121		$       5,303		$       8,209		$     12,491		$     13,057		$     14,578		$     11,998		$     17,994		$     15,725		$     15,744		$     15,520		$     13,669		$    29,189
Loan Fundings in Units (1):
Retail Lending	72,924		88,971		81,216		90,906		92,204		82,294		88,698		78,388		83,206		75,501		78,754		70,212		67,241		137,453
Wholesale Lending	34,947		45,660		40,501		43,783		44,785		37,798		40,740		35,448		36,813		32,856		38,199		34,318		32,665		66,983
Correspondent Lending	55,858		76,598		65,684		66,904		77,911		71,023		82,777		85,213		96,120		87,847		89,483		80,195		73,413		153,608
Capital Markets Purchases	6,737		4,871		7,749		7,509		9,942		3,716		6,978		5,832		2,594		2,198		5,860		951		1,817		2,768
Banking Operations Purchases (1)	1,147		4,869		5,863		2,644		25,473		3,709		5,683		807		11,463		1,527		183		9,395		2,670		12,065
Total Mortgage Loan Fundings	171,613		220,969		201,013		211,746		250,315		198,540		224,876		205,688		230,196		199,929		212,479		195,071		177,806		372,877
Commercial Real Estate Lending	24		38		32		45		66		40		39		56		97		70		87		60		64		124
Total Loan Fundings	171,637		221,007		201,045		211,791		250,381		198,580		224,915		205,744		230,293		199,999		212,566		195,131		177,870		373,001
Total Bank Mortgage Loan Fundings (2)	31,854		41,877		43,776		60,562		100,859		78,490		88,429		74,449		111,016		87,298		87,509		91,176		78,823		169,999
Mortgage Loan Fundings (1)(3):
Purchase	$     13,620		$     18,941		$     16,629		$     18,334		$     21,072		$     17,484		$     19,605		$     17,677		$     17,403		$     15,960		$     17,147		$     13,268		$     12,633		$    25,901
Non-purchase	17,710		22,477		19,716		20,399		22,359		19,459		21,921		20,410		24,493		22,318		24,583		23,845		21,936		45,781
Total Mortgage Loan Fundings	$     31,330		$     41,418		$     36,345		$     38,733		$     43,431		$     36,943		$     41,526		$     38,087		$     41,896		$     38,278		$     41,730		$     37,113		$     34,569		$    71,682
Mortgage Loan Fundings by Product (1):
Government Fundings	$          816		$       1,206		$       1,045		$       1,108		$       1,161		$       1,047		$       1,161		$       1,036		$       1,241		$       1,176		$       1,240		$       1,100		$       1,033		$      2,133
ARM Fundings	$     16,068		$     20,668		$     17,344		$     19,667		$     21,159		$     18,125		$     19,323		$     15,778		$     16,259		$     14,303		$     15,222		$     13,748		$     12,533		$    26,281
Home Equity Fundings	$       3,411		$       4,176		$       4,192		$       4,367		$       5,619		$       3,810		$       4,275		$       3,766		$       4,294		$       3,219		$       3,271		$       3,586		$       2,977		$      6,563
Nonprime Fundings	$       2,845		$       3,318		$       3,292		$       3,807		$       4,107		$       3,354		$       3,722		$       3,058		$       3,254		$       3,058		$       3,739		$       2,939		$       2,587		$      5,526
MORTGAGE LOAN SERVICING (4)
Volume	$ 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		$ 1,316,579		$ 1,332,485
Units	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		8,277,857		8,347,533
Subservicing Volume (5)	$     28,776		$     26,172		$     22,541		$     22,243		$     21,975		$     22,012		$     23,179		$     20,552		$     21,125		$     18,692		$     18,275		$     17,244		$     16,455
Subservicing Units	250,832		238,767		216,296		212,483		209,564		207,213		209,126		193,536		193,170		183,359		179,293		174,330		170,625
Prepayments in Full	$     14,463		$     18,992		$     16,540		$     19,037		$     19,685		$     16,934		$     19,783		$     16,907		$     20,142		$     19,455		$     21,315		$     19,126		$     17,810		$    36,936
Bulk Servicing Acquisitions	$            37		$            24		$            16		$            26		$            29		$            34		$          534		$       2,375		$       3,913		$       2,164		$       6,589		$       1,103		$       6,136		$      7,239
Portfolio Delinquency - CHL (6)	4.29	%	3.68	%	4.06	%	3.91	%	3.92	%	4.11	%	4.15	%	4.50	%	4.43	%	4.57	%	5.02	%	4.71	%	4.71	%
Foreclosures Pending - CHL (6)	0.47	%	0.47	%	0.46	%	0.47	%	0.47	%	0.48	%	0.50	%	0.52	%	0.56	%	0.60	%	0.65	%	0.69	%	0.70	%

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

	Feb-06		Mar-06		Apr-06		May-06		Jun-06		Jul-06		Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		YTD
LOAN CLOSING SERVICES (units)
Credit Reports	788,038		952,880		820,238		906,653		893,541		818,603		920,379		788,458		837,157		744,719		675,767		897,918		823,272		1,721,190
Flood Determinations	253,647		325,135		276,384		313,710		316,722		196,237		302,948		273,293		290,196		292,759		260,263		310,340		247,297		557,637
Appraisals	80,234		112,836		99,621		116,380		119,292		102,950		117,367		104,930		118,105		110,071		109,116		108,450		104,652		213,102
Automated Property Valuation Services	497,300		590,348		1,048,619		527,849		488,613		444,637		939,734		699,238		539,126		902,351		447,833		539,439		1,257,809		1,797,248
Other	15,718		18,194		12,634		18,536		17,203		15,160		19,918		17,471		21,167		20,595		22,031		25,756		23,599		49,355
Total Units	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		1,881,903		2,456,629		4,338,532
CAPITAL MARKETS
Securities Trading Volume (7)	$ 292,307		$ 371,190		$ 281,690		$ 331,804		$ 320,842		$ 278,625		$ 353,106		$ 301,179		$ 299,790		$ 325,784		$ 361,725		$ 312,666		$ 288,731		$ 601,397
BANKING
Banking Operations Assets (in billions)	$          75		$          78		$          79		$          80		$          84		$          85		$          87		$          88		$          83		$          82		$          83		$          83		$          84
INSURANCE
Net Premiums Earned:
Carrier	$       73.2		$       75.4		$       73.1		$       72.9		$       83.1		$       75.5		$       92.1		$       76.5		$       81.0		$       80.0		$       85.6		$       90.7		$       89.1		$     179.8
Reinsurance	17.4		17.4		18.7		17.9		18.6		18.4		18.7		19.5		19.5		20.1		20.3		20.8		21.6		42.4
Total Net Premiums Earned	$       90.6		$       92.8		$       91.8		$       90.8		$     101.7		$       93.9		$     110.8		$       96.0		$     100.5		$     100.1		$     105.9		$     111.5		$     110.7		$     222.2
Workforce Head Count: (8)
Loan Originations	30,826		31,211		31,789		32,360		32,515		32,253		32,310		32,013		32,395		31,906		31,606		31,582		31,669
Loan Servicing	7,687		7,816		7,771		7,683		7,390		7,138		7,003		6,959		6,951		6,968		6,980		7,145		7,209
Loan Closing Services	1,585		1,589		1,582		1,618		1,709		1,764		1,699		1,665		1,668		1,657		1,681		1,702		1,758
Banking	2,230		2,273		2,342		2,366		2,414		2,463		2,473		2,476		2,075		2,047		1,997		2,003		2,009
Capital Markets	712		726		738		779		809		842		838		858		854		878		886		903		928
Insurance	2,147		2,146		2,089		2,105		2,113		2,124		2,141		2,135		2,095		2,052		1,980		2,040		2,068
Global Operations	1,875		1,989		2,022		2,066		2,034		2,028		2,126		2,291		2,550		2,652		2,784		2,817		2,834
Corporate Overhead & Other	6,897		7,002		7,156		7,286		7,427		7,447		7,319		7,167		6,846		6,802		6,741		6,793		6,836
Total Workforce Head Count	53,959		54,752		55,489		56,263		56,411		56,059		55,909		55,564		55,434		54,962		54,655		54,985		55,311
Period-end Rates
10-Year U.S. Treasury Yield	4.55	%	4.86	%	5.07	%	5.12	%	5.15	%	4.99	%	4.74	%	4.64	%	4.61	%	4.46	%	4.71	%	4.83	%	4.56	%
FNMA 30-Year Fixed Rate MBS Coupon	5.73	%	6.01	%	6.10	%	6.31	%	6.37	%	6.15	%	5.93	%	5.86	%	5.79	%	5.57	%	5.79	%	5.91	%	5.72	%

(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.