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): August 14, 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	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):

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 August 14, 2007, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended July 31, 2007, a copy of which is attached as Exhibit 99.1. On August 14, 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 July 31, 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/ Laura Milleman
Dated: August 14, 2007
	Laura Milleman
	Senior Managing Director and Chief Accounting Officer

2

EXHIBIT INDEX

Exhibit No.
99.1	Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended July 31, 2007.
99.2	Thirteen-month statistical data report made available by the Company on its website.

3

EX-99.1

Exhibit 99.1

NEWS

INVESTOR CONTACT:   (818) 225-3550
David Bigelow or Lisa Riordan

MEDIA CONTACT: (800) 796-8448

COUNTRYWIDE REPORTS JULY 2007 OPERATIONAL RESULTS

CALABASAS, CA (August 14, 2007) — Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended July 31, 2007.  Key operational results for July 2007 included the following:

·Mortgage loan fundings for the month of July totaled $39 billion, an increase of 6 percent from July 2006.

·Commercial real estate funding volume for the month of July was $803 million, up 88 percent from July 2006.

·Average daily mortgage loan application activity for July 2007 was $2.7 billion, up 5 percent from July 2006.  The mortgage loan pipeline was $62 billion at July 31, 2007, even with the same period last year.

·The mortgage loan servicing portfolio continued to grow, reaching $1.43 trillion at July 31, 2007.  This is an increase of $223 billion, or 18 percent, from July 31, 2006.

·Banking Operations’ assets were $90 billion at July 31, 2007, which compares to $85 billion at July 31, 2006.

·Securities trading volume in the Capital Markets segment of $371 billion for July 2007 was 33 percent higher when compared to the same month last year.

·Net earned premiums from the Insurance segment were $124 million, up 32 percent from July 2006.

“Mortgage funding volume of $39 billion this month represents an increase of 6 percent from last July, despite a smaller total origination market,” said David Sambol, President and Chief Operating Officer.  “Mortgage funding volume declined 14 percent on a sequential month basis, which reflects our tighter lending guidelines that have significantly curtailed total production.  Average daily application volume for the month was $2.7 billion, 5 percent higher than July 2006, and the mortgage loan pipeline at July 31, 2007 of $62 billion remained constant compared to a year ago.

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. ã2007 Countrywide Financial Corporation.
 Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries.  All rights reserved.

“Countrywide’s mortgage servicing portfolio, which last month regained its position as the largest in the nation, increased over $200 billion from July 31, 2006,” Sambol concluded.  “Total assets in our Banking Operations also increased on a year-over-year basis.  In addition, our Capital Markets and Insurance segments posted year-over-year monthly increases in securities trading volume and net earned premiums, respectively.”

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: increased cost of debt as a result of a ratings downgrade or otherwise; reduced access to corporate debt markets; unforeseen cash or capital requirements; a reduction in secondary mortgage market investor demand; increased credit losses due to downward trends in the economy and in the real estate market; increases in the delinquency rates of borrowers; 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; 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 which Countrywide 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.

 (tables follow)

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. ã2007 Countrywide Financial Corporation.
 Trade/service marks are the property of Countrywide Financial Corporation and/or its subsidiaries.  All rights reserved.

Exhibit 99.1

3-3-3

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
OPERATING STATISTICS(1)
(Dollars in Millions)

	Month Ended						Year-to-Date
	July 31			July 31			July 31		July 31
	2007			2006			2007		2006
LOAN PRODUCTION
Number of Working Days in the Period	21			20			147		146
Average Daily Mortgage Loan Applications	$	2,662		$	2,539		$	2,977	$	2,591
Mortgage Loan Pipeline (loans-in-process)	$	62,295		$	62,230
Commercial Real Estate Loan Pipeline (loans-in-process)	$	2,211		$	1,204
Loan Fundings (2):
Retail Lending	$	12,667		$	12,978		$	93,676	$	88,895
Wholesale Lending	6,603			7,786			52,244		58,220
Correspondent Lending	19,267			14,023			130,012		97,079
Capital Markets Purchases	147			944			4,610		11,564
Banking Operations Purchases (2)	377			1,212			3,646		5,226
Total Mortgage Loan Fundings	39,061			36,943			284,188		260,984
Commercial Real Estate Lending	803			427			5,715		2,390
Total Loan Fundings	$	39,864		$	37,370		$	289,903	$	263,374
Total Bank Loan Fundings (3)	$	21,080		$	13,057		$	120,874	$	53,733
Loan Fundings in Units (2):
Retail Lending	78,962			82,294			545,421		577,588
Wholesale Lending	32,769			37,798			252,992		282,209
Correspondent Lending	102,021			71,023			650,170		485,027
Capital Markets Purchases	508			3,716			14,885		44,301
Banking Operations Purchases (2)	6,345			3,709			37,433		44,138
Total Mortgage Loan Fundings	220,605			198,540			1,500,901		1,433,263
Commercial Real Estate Lending	103			40			711		271
Total Loan Fundings	220,708			198,580			1,501,612		1,433,534
Total Bank Loan Fundings (3)	132,506			78,490			717,577		389,473
Mortgage Loan Fundings (2)(4):
Purchase	$	18,711		$	17,484		$	117,124	$	120,529
Non-purchase	20,350			19,459			167,064		140,455
Total Mortgage Loan Fundings	$	39,061		$	36,943		$	284,188	$	260,984
Mortgage Loan Fundings by Product (2):
Government Fundings	$	2,296		$	1,047		$	11,520	$	7,239
ARM Fundings	$	10,972		$	18,125		$	86,620	$	130,017
Home Equity Fundings	$	3,928		$	3,810		$	25,063	$	29,051
Nonprime Fundings	$	1,804		$	3,354		$	15,406	$	23,765
MORTGAGE LOAN SERVICING (5)
Volume	$	1,434,099		$	1,210,919
Units	8,840,474			7,813,034
Subservicing Volume (6)	$	17,294		$	22,012
Subservicing Units	173,490			207,213
Prepayments in Full	$	16,636		$	16,934		$	134,268	$	119,199
Bulk Servicing Acquisitions	$	42		$	34		$	20,492	$	206
Servicing Portfolio Performance - CHL (7)
Delinquency as a percentage of:
unpaid principal balance	4.89		%	3.61		%
number of loans serviced	5.10		%	4.11		%
Foreclosures Pending as a percentage of:
unpaid principal balance	1.04		%	0.46		%
number of loans serviced	0.79		%	0.48		%

(more)

4-4-4

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
OPERATING STATISTICS(1)
(Dollars in Millions)

	Month Ended						Year-to-Date
	July 31			July 31			July 31		July 31
	2007			2006			2007		2006
LOAN CLOSING SERVICES (units)
Credit Reports	1,007,235			818,603			6,870,986		6,001,920
Flood Determinations	282,930			196,237			2,055,893		1,957,381
Appraisals	158,876			102,950			863,216		717,816
Automated Property Valuation Services	668,721			444,637			5,375,930		4,565,262
Other	31,474			15,160			182,913		113,311
Total Units	2,149,236			1,577,587			15,348,938		13,355,690
CAPITAL MARKETS
Securities Trading Volume (8)	$	370,513		$	278,625		$	2,478,199	$	2,191,316
BANKING
Banking Operations Assets (in billions)	$	90		$	85
INSURANCE
Net Premiums Earned:
Carrier	$	100.3		$	75.5		$	658.2	$	532.6
Reinsurance	23.3			18.4			152.0		125.4
Total Net Premiums Earned	$	123.6		$	93.9		$	810.2	$	658.0
Period-end Rates
10-Year U.S. Treasury Yield	4.78		%	4.99		%
FNMA 30-Year Fixed Rate MBS Coupon	6.21		%	6.15		%

(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. Delinquencies as a percentage of unpaid principal balance and numbers of loans serviced exclude loans in foreclosure.

(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)

	Jul-06		Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		YTD
LOAN PRODUCTION
Number of Working Days in the Period	20		23		20		22		21		20		21		19		22		21		22		21		21		147
Average Daily Mortgage Loan Applications	$       2,539		$       2,645		$       2,836		$       2,642		$       2,729		$       2,735		$       2,820		$       3,009		$       3,134		$       2,937		$       3,126		$       3,144		$       2,662		$       2,977
Mortgage Loan Pipeline (loans-in-process)	$     62,230		$     64,125		$     65,316		$     60,939		$     62,004		$     57,217		$     58,697		$     63,945		$     69,389		$     68,747		$     69,744		$     68,533		$     62,295
Commercial Real Estate Loan Pipeline (loans-in-process)	$       1,204		$       1,730		$       1,415		$       1,824		$       2,232		$       1,991		$       1,954		$       2,381		$       3,207		$       2,845		$       2,319		$       2,206		$       2,211
Loan Fundings (1):
Retail Lending	$     12,978		$     14,021		$     12,436		$     13,669		$     12,809		$     13,949		$     12,647		$     11,955		$     14,409		$     13,578		$     14,377		$     14,043		$     12,667		$     93,676
Wholesale Lending	7,786		8,193		7,229		7,464		6,650		7,781		7,155		6,874		8,159		7,963		8,077		7,413		6,603		52,244
Correspondent Lending	14,023		16,185		16,534		19,399		17,764		18,370		16,261		14,896		18,616		18,294		20,803		21,875		19,267		130,012
Capital Markets Purchases	944		1,782		1,596		576		565		1,575		309		566		954		192		884		1,558		147		4,610
Banking Operations Purchases (1)	1,212		1,345		292		788		490		55		741		278		1,144		453		279		374		377		3,646
Total Mortgage Loan Fundings	36,943		41,526		38,087		41,896		38,278		41,730		37,113		34,569		43,282		40,480		44,420		45,263		39,061		284,188
Commercial Real Estate Lending	427		273		646		406		863		1,093		654		693		664		930		1,157		814		803		5,715
Total Loan Fundings	$     37,370		$     41,799		$     38,733		$     42,302		$     39,141		$     42,823		$     37,767		$     35,262		$     43,946		$     41,410		$     45,577		$     46,077		$     39,864		$     289,903
Total Bank Loan Fundings (2)	$     13,057		$     14,578		$     11,998		$     17,994		$     15,725		$     15,744		$     15,520		$     13,669		$     14,533		$     16,048		$     19,325		$     20,699		$     21,080		$     120,874
Loan Fundings in Units (1):
Retail Lending	82,294		88,698		78,388		83,206		75,501		78,754		70,212		67,241		80,682		78,759		85,901		83,664		78,962		545,421
Wholesale Lending	37,798		40,740		35,448		36,813		32,856		38,199		34,318		32,665		38,936		38,582		39,513		36,209		32,769		252,992
Correspondent Lending	71,023		82,777		85,213		96,120		87,847		89,483		80,195		73,413		92,391		90,113		102,422		109,615		102,021		650,170
Capital Markets Purchases	3,716		6,978		5,832		2,594		2,198		5,860		951		1,817		2,884		738		3,336		4,651		508		14,885
Banking Operations Purchases (1)	3,709		5,683		807		11,463		1,527		183		9,395		2,670		7,552		2,723		2,110		6,638		6,345		37,433
Total Mortgage Loan Fundings	198,540		224,876		205,688		230,196		199,929		212,479		195,071		177,806		222,445		210,915		233,282		240,777		220,605		1,500,901
Commercial Real Estate Lending	40		39		56		97		70		87		60		64		88		89		170		137		103		711
Total Loan Fundings	198,580		224,915		205,744		230,293		199,999		212,566		195,131		177,870		222,533		211,004		233,452		240,914		220,708		1,501,612
Total Bank Loan Fundings (2)	78,490		88,429		74,449		111,016		87,298		87,509		91,176		78,823		87,660		94,593		111,041		121,778		132,506		717,577
Mortgage Loan Fundings (1)(3):
Purchase	$     17,484		$     19,605		$     17,677		$     17,403		$     15,960		$     17,147		$     13,268		$     12,633		$     17,265		$     15,866		$     18,642		$     20,739		$     18,711		$     117,124
Non-purchase	19,459		21,921		20,410		24,493		22,318		24,583		23,845		21,936		26,017		24,614		25,778		24,524		20,350		167,064
Total Mortgage Loan Fundings	$     36,943		$     41,526		$     38,087		$     41,896		$     38,278		$     41,730		$     37,113		$     34,569		$     43,282		$     40,480		$     44,420		$     45,263		$     39,061		$     284,188
Mortgage Loan Fundings by Product (1):
Government Fundings	$       1,047		$       1,161		$       1,036		$       1,241		$       1,176		$       1,240		$       1,100		$       1,033		$       1,406		$       1,532		$       1,937		$       2,216		$       2,296		$       11,520
ARM Fundings	$     18,125		$     19,323		$     15,778		$     16,259		$     14,303		$     15,222		$     13,748		$     12,533		$     14,677		$     11,424		$     10,667		$     12,599		$     10,972		$       86,620
Home Equity Fundings	$       3,810		$       4,275		$       3,766		$       4,294		$       3,219		$       3,271		$       3,586		$       2,977		$       3,976		$       3,480		$       3,382		$       3,734		$       3,928		$       25,063
Nonprime Fundings	$       3,354		$       3,722		$       3,058		$       3,254		$       3,058		$       3,739		$       2,939		$       2,587		$       2,355		$       1,682		$       2,186		$       1,853		$       1,804		$       15,406
MORTGAGE LOAN SERVICING (4)
Volume	$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		$1,434,099
Units	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		8,840,474
Subservicing Volume (5)	$     22,012		$     23,179		$     20,552		$     21,125		$     18,692		$     18,275		$     17,244		$     16,455		$     16,258		$     16,338		$     16,144		$     16,263		$     17,294
Subservicing Units	207,213		209,126		193,536		193,170		183,359		179,293		174,330		170,625		172,916		171,381		169,041		168,026		173,490
Prepayments in Full	$     16,934		$     19,783		$     16,907		$     20,142		$     19,455		$     21,315		$     19,126		$     17,810		$     20,896		$     20,088		$     21,135		$     18,577		$     16,636		$     134,268
Bulk Servicing Acquisitions	$            34		$          534		$       2,375		$       3,913		$       2,164		$       6,589		$       1,103		$       6,136		$       5,198		$       2,962		$       2,650		$       2,401		$            42		$       20,492
Servicing Portfolio Performance - CHL (6)
Delinquency as a percentage of:
unpaid principal balance	3.61	%	3.65	%	4.04	%	3.97	%	4.15	%	4.60	%	4.32	%	4.48	%	4.07	%	4.23	%	4.44	%	4.77	%	4.89	%
number of loans serviced	4.11	%	4.15	%	4.50	%	4.43	%	4.57	%	5.02	%	4.71	%	4.71	%	4.29	%	4.45	%	4.71	%	4.98	%	5.10	%
Foreclosures Pending as a percentage of:
unpaid principal balance	0.46	%	0.48	%	0.51	%	0.58	%	0.62	%	0.70	%	0.77	%	0.80	%	0.83	%	0.85	%	0.90	%	0.96	%	1.04	%
number of loans serviced	0.48	%	0.50	%	0.52	%	0.56	%	0.60	%	0.65	%	0.69	%	0.70	%	0.69	%	0.69	%	0.71	%	0.74	%	0.79	%

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

	Jul-06		Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		YTD
LOAN CLOSING SERVICES (units)
Credit Reports	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		1,007,235		6,870,986
Flood Determinations	196,237		302,948		273,293		290,196		292,759		260,263		310,340		247,297		305,214		274,407		342,574		293,131		282,930		2,055,893
Appraisals	102,950		117,367		104,930		118,105		110,071		109,116		108,450		104,652		123,070		116,062		125,420		126,686		158,876		863,216
Automated Property Valuation Services	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		668,721		5,375,930
Other	15,160		19,918		17,471		21,167		20,595		22,031		25,756		23,599		24,179		24,020		26,640		27,245		31,474		182,913
Total Units	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		2,149,236		15,348,938
CAPITAL MARKETS
Securities Trading Volume (7)	$ 278,625		$ 353,106		$ 301,179		$ 299,790		$ 325,784		$ 361,725		$ 312,666		$ 288,731		$ 396,545		$ 308,694		$ 350,850		$ 450,200		$ 370,513		$ 2,478,199
BANKING
Banking Operations Assets (in billions)	$        85		$        87		$        88		$        83		$        82		$        83		$        83		$        84		$        84		$        86		$        87		$        90		$        90
INSURANCE
Net Premiums Earned:
Carrier	$     75.5		$     92.1		$     76.5		$     81.0		$     80.0		$     85.6		$     90.7		$     89.1		$     91.1		$     89.3		$     95.7		$   102.0		$   100.3		$     658.2
Reinsurance	18.4		18.7		19.5		19.5		20.1		20.3		20.8		21.6		20.9		20.9		21.9		22.6		23.3		152.0
Total Net Premiums Earned	$     93.9		$   110.8		$     96.0		$   100.5		$   100.1		$   105.9		$   111.5		$   110.7		$   112.0		$   110.2		$   117.6		$   124.6		$   123.6		$     810.2
Workforce Head Count: (8)
Loan Originations	32,253		32,310		32,013		32,395		31,906		31,606		31,633		31,721		31,849		32,641		32,966		33,796		34,326
Loan Servicing	7,138		7,003		6,959		6,951		6,968		6,980		7,145		7,209		7,256		7,453		7,818		7,897		8,059
Loan Closing Services	1,764		1,699		1,665		1,668		1,657		1,681		1,702		1,758		1,793		1,851		1,858		1,935		2,029
Banking	2,463		2,473		2,476		2,075		2,047		1,997		1,952		1,957		1,967		2,057		2,377		2,496		2,491
Capital Markets	842		838		858		854		878		886		903		928		996		1,035		1,064		1,098		1,136
Insurance	2,124		2,141		2,135		2,095		2,052		1,980		2,040		2,068		2,106		2,143		2,211		2,219		2,296
Global Operations	2,028		2,126		2,291		2,550		2,652		2,784		2,817		2,834		3,052		3,477		3,646		3,770		3,891
Corporate Overhead & Other	7,447		7,319		7,167		6,846		6,802		6,741		6,793		6,836		6,904		7,025		7,071		7,216		7,358
Total Workforce Head Count	56,059		55,909		55,564		55,434		54,962		54,655		54,985		55,311		55,923		57,682		59,011		60,427		61,586
Period-end Rates
10-Year U.S. Treasury Yield	4.99	%	4.74	%	4.64	%	4.61	%	4.46	%	4.71	%	4.83	%	4.56	%	4.65	%	4.63	%	4.90	%	5.03	%	4.78	%
FNMA 30-Year Fixed Rate MBS Coupon	6.15	%	5.93	%	5.86	%	5.79	%	5.57	%	5.79	%	5.91	%	5.72	%	5.77	%	5.76	%	6.04	%	6.26	%	6.21	%

(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. Delinquencies as a percentage of unpaid principal balance and numbers of loans serviced exclude loans in foreclosure.

(7)Includes trades with Mortgage Banking Segment.

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

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