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): July 16, 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):

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 July 16, 2007, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended June 30, 2007, a copy of which is attached as Exhibit 99.1. On July 16, 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 June 30, 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: July 16, 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 June 30, 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 JUNE 2007 OPERATIONAL RESULTS

CALABASAS, CA (July 16, 2007) – Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended June 30, 2007.  Key operational results included the following:

·Mortgage loan fundings for the month of June totaled $45 billion, an increase of 4 percent from June 2006.

·Commercial real estate funding volume for the month of June was $814 million, up 75 percent from June 2006.

·Average daily mortgage loan application activity for June 2007 was $3.1 billion, up 15 percent from June 2006.  The mortgage loan pipeline was $69 billion at June 30, 2007 as compared to $65 billion at June 30, 2006.

·The mortgage loan servicing portfolio continued to grow, reaching $1.4 trillion at June 30, 2007.  This is an increase of $219 billion, or 18 percent, from June 30, 2006.

·Banking Operations’ assets were $90 billion at June 30, 2007, which compares to $84 billion at June 30, 2006.

·Securities trading volume in the Capital Markets segment of $450 billion for June 2007 was 40 percent higher when compared to the same month last year.

·Net earned premiums from the Insurance segment were $125 million, up 23 percent from June 2006.

“Market conditions became increasingly challenging throughout the second quarter of 2007,” said David Sambol, President and Chief Operating Officer.  “The housing market continues to soften, and delinquencies and defaults continue to rise.  Additionally, interest rates, price competition in the residential lending markets and secondary market volatility have all increased.  However, Countrywide’s residential funding volume in June was strong, driven primarily by seasonal purchase activity and higher application volumes in preceding months.”

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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, FSB are Equal Housing Lenders. ©2002 Countrywide Financial Corporation.

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

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.

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 judgments and assumptions made by management regarding accounting estimates and related matters; 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 or any other information contained herein.

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2

Investor Relations

4500 Park Granada •Calabasas, CA  91302 • 818-225-3550

http://www.countrywide.com

 Countrywide Home Loans, Inc. and Countrywide Bank, FSB are Equal Housing Lenders. ©2002 Countrywide Financial Corporation.

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

countrywide financial corporation and subsidiaries
operating statistics(1)(Dollars in Millions)

	Month Ended						Year-to-Date
	June 30			June 30			June 30		June 30
	2007			2006			2007		2006
LOAN PRODUCTION
Number of Working Days in the Period	21			22			126		126
Average Daily Mortgage Loan Applications	$	3,144		$	2,731		$	3,031	$	2,600
Mortgage Loan Pipeline (loans-in-process)	$	68,533		$	64,979
Commercial Real Estate Loan Pipeline (loans-in-process)	$	2,206		$	1,297
Loan Fundings (2):
Retail Lending	$	14,043		$	14,708		$	81,009	$	75,917
Wholesale Lending	7,413			9,283			45,641		50,434
Correspondent Lending	21,875			15,332			110,745		83,056
Capital Markets Purchases	1,558			2,674			4,463		10,620
Banking Operations Purchases (2)	374			1,434			3,269		4,014
Total Mortgage Loan Fundings	45,263			43,431			245,127		224,041
Commercial Real Estate Lending	814			464			4,912		1,963
Total Loan Fundings	$	46,077		$	43,895		$	250,039	$	226,004
Total Bank Loan Fundings (3)	$	20,699		$	12,491		$	99,794	$	40,676
Loan Fundings in Units (2):
Retail Lending	83,664			92,204			466,459		495,294
Wholesale Lending	36,209			44,785			220,223		244,411
Correspondent Lending	109,615			77,911			548,149		414,004
Capital Markets Purchases	4,651			9,942			14,377		40,585
Banking Operations Purchases (2)	6,638			25,473			31,088		40,429
Total Mortgage Loan Fundings	240,777			250,315			1,280,296		1,234,723
Commercial Real Estate Lending	137			66			608		231
Total Loan Fundings	240,914			250,381			1,280,904		1,234,954
Total Bank Loan Fundings (3)	121,778			100,859			585,071		310,983
Mortgage Loan Fundings (2)(4):
Purchase	$	20,739		$	21,072		$	98,413	$	103,045
Non-purchase	24,524			22,359			146,714		120,996
Total Mortgage Loan Fundings	$	45,263		$	43,431		$	245,127	$	224,041
Mortgage Loan Fundings by Product (2):
Government Fundings	$	2,216		$	1,161		$	9,224	$	6,192
ARM Fundings	$	12,599		$	21,159		$	75,648	$	111,892
Home Equity Fundings	$	3,734		$	5,619		$	21,135	$	25,241
Nonprime Fundings	$	1,853		$	4,107		$	13,602	$	20,411
MORTGAGE LOAN SERVICING (5)
Volume	$	1,415,472		$	1,196,720
Units	8,737,534			7,757,724
Subservicing Volume (6)	$	16,263		$	21,975
Subservicing Units	168,026			209,564
Prepayments in Full	$	18,577		$	19,685		$	117,632	$	102,265
Bulk Servicing Acquisitions	$	2,401		$	29		$	20,450	$	172
Servicing Portfolio Performance - CHL(7)
Delinquency as a percentage of:
unpaid principal balance	4.77		%	3.40		%
number of loans serviced	4.98		%	3.92		%
Foreclosures Pending as a percentage of:
unpaid principal balance	0.96		%	0.45		%
number of loans serviced	0.74		%	0.47		%

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countrywide financial corporation and subsidiaries
operating statistics(1)(Dollars in Millions)

	Month Ended						Year-to-Date
	June 30 2007			June 30 2006			June 30 2007		June 30 2006
LOAN CLOSING SERVICES (units)
Credit Reports	1,026,845			893,541			5,863,751		5,183,317
Flood Determinations	293,131			316,722			1,772,963		1,761,144
Appraisals	126,686			119,292			704,340		614,866
Automated Property Valuation Services	698,273			488,613			4,707,209		4,120,625
Other	27,245			17,203			151,439		98,151
Total Units	2,172,180			1,835,371			13,199,702		11,778,103
CAPITAL MARKETS
Securities Trading Volume(8)	$	450,200		$	320,842		$	2,107,686	$	1,912,691
BANKING
Banking Operations Assets (in billions)	$	90		$	84
INSURANCE
Net Premiums Earned:
Carrier	$	102.0		$	83.1		$	557.9	$	457.1
Reinsurance	22.6			18.6			128.7		107.0
Total Net Premiums Earned	$	124.6		$	101.7		$	686.6	$	564.1
Period-end Rates
10-Year U.S. Treasury Yield	5.03		%	5.15		%
FNMA 30-Year Fixed Rate MBS Coupon	6.26		%	6.37		%

(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 processed for Countrywide Bank by the Company’s Mortgage Banking production divisions and Countrywide Commercial Real Estate Finance, Inc., purchased from non-affiliates or originated by Countrywide Bank and are included in “Total Loan Fundings” above. The amounts include loans funded for both investment and for sale and commercial real estate loans processed by Countrywide Bank. 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)  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)

	Jun-06	Jul-06	Aug-06	Sep-06	Oct-06	Nov-06	Dec-06	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	YTD
LOAN PRODUCTION
Number of Working Days in the Period	22	20	23	20	22	21	20	21	19	22	21	22	21	126

Average Daily Mortgage Loan Applications	$	2,731		$	2,539		$	2,645		$	2,836		$	2,642		$	2,729		$	2,735		$	2,820		$	3,009		$	3,134		$	2,937		$	3,126		$	3,144		$	3,031
Mortgage Loan Pipeline (loans-in-process)	$	64,979		$	62,230		$	64,125		$	65,316		$	60,939		$	62,004		$	57,217		$	58,697		$	63,945		$	69,389		$	68,747		$	69,744		$	68,533
Commercial Real Estate Loan Pipeline (loans-in-process)	$	1,297		$	1,204		$	1,730		$	1,415		$	1,824		$	2,232		$	1,991		$	1,954		$	2,381		$	3,207		$	2,845		$	2,319		$	2,206
Loan Fundings (1):
Retail Lending	$	14,708		$	12,978		$	14,021		$	12,436		$	13,669		$	12,809		$	13,949		$	12,647		$	11,955		$	14,409		$	13,578		$	14,377		$	14,043		$	81,009
Wholesale Lending	9,283			7,786			8,193			7,229			7,464			6,650			7,781			7,155			6,874			8,159			7,963			8,077			7,413			45,641
Correspondent Lending	15,332			14,023			16,185			16,534			19,399			17,764			18,370			16,261			14,896			18,616			18,294			20,803			21,875			110,745
Capital Markets Purchases	2,674			944			1,782			1,596			576			565			1,575			309			566			954			192			884			1,558			4,463
Banking Operations Purchases (1)	1,434			1,212			1,345			292			788			490			55			741			278			1,144			453			279			374			3,269
Total Mortgage Loan Fundings	43,431			36,943			41,526			38,087			41,896			38,278			41,730			37,113			34,569			43,282			40,480			44,420			45,263			245,127
Commercial Real Estate Lending	464			427			273			646			406			863			1,093			654			693			664			930			1,157			814			4,912
Total Loan Fundings	$	43,895		$	37,370		$	41,799		$	38,733		$	42,302		$	39,141		$	42,823		$	37,767		$	35,262		$	43,946		$	41,410		$	45,577		$	46,077		$	250,039
Total Bank Loan Fundings (2)	$	12,491		$	13,057		$	14,578		$	11,998		$	17,994		$	15,725		$	15,744		$	15,520		$	13,669		$	14,533		$	16,048		$	19,325		$	20,699		$	99,794
Loan Fundings in Units (1):
Retail Lending	92,204			82,294			88,698			78,388			83,206			75,501			78,754			70,212			67,241			80,682			78,759			85,901			83,664			466,459
Wholesale Lending	44,785			37,798			40,740			35,448			36,813			32,856			38,199			34,318			32,665			38,936			38,582			39,513			36,209			220,223
Correspondent Lending	77,911			71,023			82,777			85,213			96,120			87,847			89,483			80,195			73,413			92,391			90,113			102,422			109,615			548,149
Capital Markets Purchases	9,942			3,716			6,978			5,832			2,594			2,198			5,860			951			1,817			2,884			738			3,336			4,651			14,377
Banking Operations Purchases (1)	25,473			3,709			5,683			807			11,463			1,527			183			9,395			2,670			7,552			2,723			2,110			6,638			31,088
Total Mortgage Loan Fundings	250,315			198,540			224,876			205,688			230,196			199,929			212,479			195,071			177,806			222,445			210,915			233,282			240,777			1,280,296
Commercial Real Estate Lending	66			40			39			56			97			70			87			60			64			88			89			170			137			608
Total Loan Fundings	250,381			198,580			224,915			205,744			230,293			199,999			212,566			195,131			177,870			222,533			211,004			233,452			240,914			1,280,904
Total Bank Loan Fundings (2)	100,859			78,490			88,429			74,449			111,016			87,298			87,509			91,176			78,823			87,660			94,593			111,041			121,778			585,071
Mortgage Loan Fundings (1)(3):
Purchase	$	21,072		$	17,484		$	19,605		$	17,677		$	17,403		$	15,960		$	17,147		$	13,268		$	12,633		$	17,265		$	15,866		$	18,642		$	20,739		$	98,413
Non-purchase	22,359			19,459			21,921			20,410			24,493			22,318			24,583			23,845			21,936			26,017			24,614			25,778			24,524			146,714
Total Mortgage Loan Fundings	$	43,431		$	36,943		$	41,526		$	38,087		$	41,896		$	38,278		$	41,730		$	37,113		$	34,569		$	43,282		$	40,480		$	44,420		$	45,263		$	245,127
Mortgage Loan Fundings by Product (1):
Government Fundings	$	1,161		$	1,047		$	1,161		$	1,036		$	1,241		$	1,176		$	1,240		$	1,100		$	1,033		$	1,406		$	1,532		$	1,937		$	2,216		$	9,224
ARM Fundings	$	21,159		$	18,125		$	19,323		$	15,778		$	16,259		$	14,303		$	15,222		$	13,748		$	12,533		$	14,677		$	11,424		$	10,667		$	12,599		$	75,648
Home Equity Fundings	$	5,619		$	3,810		$	4,275		$	3,766		$	4,294		$	3,219		$	3,271		$	3,586		$	2,977		$	3,976		$	3,480		$	3,382		$	3,734		$	21,135
Nonprime Fundings	$	4,107		$	3,354		$	3,722		$	3,058		$	3,254		$	3,058		$	3,739		$	2,939		$	2,587		$	2,355		$	1,682		$	2,186		$	1,853		$	13,602
MORTGAGE LOAN SERVICING (4)
Volume	$	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		$	1,351,598		$	1,370,760		$	1,392,756		$	1,415,472
Units	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			8,438,625			8,522,364			8,625,522			8,737,534
Subservicing Volume (5)	$	21,975		$	22,012		$	23,179		$	20,552		$	21,125		$	18,692		$	18,275		$	17,244		$	16,455		$	16,258		$	16,338		$	16,144		$	16,263
Subservicing Units	209,564			207,213			209,126			193,536			193,170			183,359			179,293			174,330			170,625			172,916			171,381			169,041			168,026
Prepayments in Full	$	19,685		$	16,934		$	19,783		$	16,907		$	20,142		$	19,455		$	21,315		$	19,126		$	17,810		$	20,896		$	20,088		$	21,135		$	18,577		$	117,632
Bulk Servicing Acquisitions	$	29		$	34		$	534		$	2,375		$	3,913		$	2,164		$	6,589		$	1,103		$	6,136		$	5,198		$	2,962		$	2,650		$	2,401		$	20,450
Servicing Portfolio Performance - CHL (6)
Delinquency as a percentage of:
unpaid principal balance	3.40		%	3.61		%	3.65		%	4.04		%	3.97		%	4.15		%	4.60		%	4.32		%	4.48		%	4.07		%	4.23		%	4.44		%	4.77		%
number of loans serviced	3.92		%	4.11		%	4.15		%	4.50		%	4.43		%	4.57		%	5.02		%	4.71		%	4.71		%	4.29		%	4.45		%	4.71		%	4.98		%
Foreclosures Pending as a percentage of:
unpaid principal balance	0.45		%	0.46		%	0.48		%	0.51		%	0.58		%	0.62		%	0.70		%	0.77		%	0.80		%	0.83		%	0.85		%	0.90		%	0.96		%
number of loans serviced	0.47		%	0.48		%	0.50		%	0.52		%	0.56		%	0.60		%	0.65		%	0.69		%	0.70		%	0.69		%	0.69		%	0.71		%	0.74		%

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

	Jun-06	Jul-06	Aug-06	Sep-06	Oct-06	Nov-06	Dec-06	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	YTD
LOAN CLOSING SERVICES (units)
Credit Reports	893,541	818,603	920,379	788,458	837,157	744,719	675,767	897,918	823,272	1,109,878	982,765	1,023,073	1,026,845	5,863,751
Flood Determinations	316,722	196,237	302,948	273,293	290,196	292,759	260,263	310,340	247,297	305,214	274,407	342,574	293,131	1,772,963
Appraisals	119,292	102,950	117,367	104,930	118,105	110,071	109,116	108,450	104,652	123,070	116,062	125,420	126,686	704,340
Automated Property Valuation Services	488,613	444,637	939,734	699,238	539,126	902,351	447,833	539,439	1,257,809	573,932	634,281	1,003,475	698,273	4,707,209
Other	17,203	15,160	19,918	17,471	21,167	20,595	22,031	25,756	23,599	24,179	24,020	26,640	27,245	151,439
Total Units	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	2,136,273	2,031,535	2,521,182	2,172,180	13,199,702
CAPITAL MARKETS

Securities Trading Volume (7)	$	320,842		$	278,625		$	353,106		$	301,179		$	299,790		$	325,784		$	361,725		$	312,666		$	288,731		$	396,545		$	308,694		$	350,850		$	450,200		$	2,107,686
BANKING
Banking Operations Assets (in billions)	$	84		$	85		$	87		$	88		$	83		$	82		$	83		$	83		$	84		$	84		$	86		$	87		$	90
INSURANCE
Net Premiums Earned:
Carrier	$	83.1		$	75.5		$	92.1		$	76.5		$	81.0		$	80.0		$	85.6		$	90.7		$	89.1		$	91.1		$	89.3		$	95.7		$	102.0		$	557.9
Reinsurance	18.6			18.4			18.7			19.5			19.5			20.1			20.3			20.8			21.6			20.9			20.9			21.9			22.6			128.7
Total Net Premiums Earned	$	101.7		$	93.9		$	110.8		$	96.0		$	100.5		$	100.1		$	105.9		$	111.5		$	110.7		$	112.0		$	110.2		$	117.6		$	124.6		$	686.6
Workforce Head Count: (8)
Loan Originations	32,515			32,253			32,310			32,013			32,395			31,906			31,606			31,633			31,721			31,849			32,641			32,966			33,796
Loan Servicing	7,390			7,138			7,003			6,959			6,951			6,968			6,980			7,145			7,209			7,256			7,453			7,818			7,897
Loan Closing Services	1,709			1,764			1,699			1,665			1,668			1,657			1,681			1,702			1,758			1,793			1,851			1,858			1,935
Banking	2,414			2,463			2,473			2,476			2,075			2,047			1,997			1,952			1,957			1,967			2,057			2,377			2,496
Capital Markets	809			842			838			858			854			878			886			903			928			996			1,035			1,064			1,098
Insurance	2,113			2,124			2,141			2,135			2,095			2,052			1,980			2,040			2,068			2,106			2,143			2,211			2,219
Global Operations	2,034			2,028			2,126			2,291			2,550			2,652			2,784			2,817			2,834			3,052			3,477			3,646			3,770
Corporate Overhead & Other	7,427			7,447			7,319			7,167			6,846			6,802			6,741			6,793			6,836			6,904			7,025			7,071			7,216
Total Workforce Head Count	56,411			56,059			55,909			55,564			55,434			54,962			54,655			54,985			55,311			55,923			57,682			59,011			60,427
Period-end Rates
10-Year U.S. Treasury Yield	5.15		%	4.99		%	4.74		%	4.64		%	4.61		%	4.46		%	4.71		%	4.83		%	4.56		%	4.65		%	4.63		%	4.90		%	5.03		%
FNMA 30-Year Fixed Rate MBS Coupon	6.37		%	6.15		%	5.93		%	5.86		%	5.79		%	5.57		%	5.79		%	5.91		%	5.72		%	5.77		%	5.76		%	6.04		%	6.26		%

(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 processed for Countrywide Bank by the Company's Mortgage Banking production divisions and Countrywide Commercial Real Estate Finance, Inc., purchased from non-affiliates or originated by Countrywide Bank and are included in "Total Loan Fundings" above. The amounts include loans funded for both investment and for sale and commercial real estate loans processed by Countrywide Bank. 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)  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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