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): September 13, 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 September 13, 2007, Countrywide Financial Corporation (the “Company”) issued a press release announcing information regarding its operational statistics for the month ended August 31, 2007, a copy of which is attached as Exhibit 99.1. On September 13, 2007, the Company also made available an updated version of its thirteen-month statistical data report on its website, www.countrywide.com, a copy of which is attached as Exhibit 99.2.

The information furnished pursuant to this Current Report on Form 8-K (including the exhibits hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly states in such filing that such information is to be considered “filed” or incorporated by reference therein.

Item 9.01.              Financial Statements and Exhibits

(d)Exhibits

99.1Press Release issued by Countrywide Financial Corporation (the “Company”) pertaining to its operational statistics for the month ended August 31, 2007.

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

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	COUNTRYWIDE FINANCIAL CORPORATION
Dated: September 13, 2007	/s/ Lawrence R. Gee
	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 August 31, 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 AUGUST 2007 OPERATIONAL RESULTS

CALABASAS, CA (September 13, 2007) — Countrywide Financial Corporation (NYSE: CFC) released operational data for the month ended August 31, 2007.  Key operational results included the following:

·Mortgage loan fundings for the month of August 2007 totaled $34 billion, a decrease of 17 percent from August 2006.

·Average daily mortgage loan application activity for August 2007 was $2.3 billion, a decline of 12 percent from August 2006.  The mortgage loan pipeline was $52 billion at August 31, 2007, as compared to $64 billion for the same period last year.

·The mortgage loan servicing portfolio continued to grow, reaching $1.5 trillion at August 31, 2007.  This is an increase of $226 billion, or 18 percent, from August 31, 2006.

·Commercial real estate funding volume for the month of August 2007 was $757 million, which compares to $273 million in August 2006.

·Banking Operations’ assets were $94 billion at August 31, 2007, which compares to $87 billion at August 31, 2006.

·Securities trading volume in the Capital Markets segment of $414 billion for August 2007 was 17 percent higher when compared to the same month last year.

·Net earned premiums from the Insurance segment were $135 million in August 2007, up 22 percent from August 2006.

“Residential mortgage loan activity for the month of August reflected current mortgage market conditions,” said David Sambol, President and Chief Operating Officer.  “Average daily application volume was down 12 percent as compared to both July 2007 and August 2006 as a result of the continued slowdown in housing and credit tightening in the mortgage market.  As a result, the pipeline of applications-in-process ended the month at $52 billion, which was down 17 percent from July 2007 and down 19 percent from August 2006.

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

“Adjusting to the turbulent conditions in the mortgage and credit markets, the Company has taken decisive steps since early August, which included:

·Addressing liquidity and funding needs by accelerating our plans to migrate the funding of our mortgage originations to Countrywide Bank, and our borrowing of $11.5 billion under our lines of credit.  Additionally, the Company recently arranged for $12 billion in additional secured borrowing capacity through new or existing credit facilities;

·Materially tightening product and underwriting guidelines such that all loans the Company now originates are eligible for Fannie Mae, Freddie Mac or Ginnie Mae securitization programs, or otherwise meet Countrywide Bank’s investment criteria;

·Taking advantage of reduced primary market competition to adjust pricing, which is expected to have a favorable impact on mortgage banking gain-on-sale margins and result in greater returns on the high-quality loans originated for our Bank’s investment portfolio; and

·Announcing plans to reduce expenses in response to lower expectations for mortgage origination market volume.  These plans include workforce reductions of up to 20 percent.

“Looking forward, the Company expects that it will be a long-term beneficiary of the current conditions and corrections in the mortgage industry, and we are confident that the actions which we have taken in response to the current environment will position us for profitable future growth and success,” Sambol concluded.

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 residential and commercial 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; 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

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

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 debt ratings; 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.

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(tables follow)

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

	Month Ended						Year-to-Date
	August 31			August 31			August 31		August 31
	2007			2006			2007		2006
LOAN PRODUCTION
Number of Working Days in the Period	23			23			170		169
Average Daily Mortgage Loan Applications	$	2,334		$	2,645		$	2,891	$	2,599
Mortgage Loan Pipeline (loans-in-process)	$	51,828		$	64,125
Commercial Real Estate Loan Pipeline (loans-in-process)	$	1,613		$	1,730
Loan Fundings (2):
Retail Lending	$	13,016		$	14,021		$	106,692	$	102,916
Wholesale Lending	5,564			8,193			57,808		66,413
Correspondent Lending	15,597			16,185			145,609		113,264
Capital Markets Purchases	140			1,782			4,750		13,346
Banking Operations Purchases (2)	34			1,345			3,680		6,571
Total Mortgage Loan Fundings	34,351			41,526			318,539		302,510
Commercial Real Estate Lending	757			273			6,472		2,663
Total Loan Fundings	$	35,108		$	41,799		$	325,011	$	305,173
Total Bank Loan Fundings (3)	$	27,396		$	14,578		$	148,270	$	68,311
Loan Fundings in Units (2):
Retail Lending	81,231			88,698			626,652		666,286
Wholesale Lending	27,408			40,740			280,400		322,949
Correspondent Lending	82,938			82,777			733,108		567,804
Capital Markets Purchases	470			6,978			15,355		51,279
Banking Operations Purchases (2)	164			5,683			37,597		49,821
Total Mortgage Loan Fundings	192,211			224,876			1,693,112		1,658,139
Commercial Real Estate Lending	141			39			852		310
Total Loan Fundings	192,352			224,915			1,693,964		1,658,449
Total Bank Loan Fundings (3)	156,255			88,429			873,832		477,902
Mortgage Loan Fundings (2)(4):
Purchase	$	17,193		$	19,605		$	134,317	$	140,134
Non-purchase	17,158			21,921			184,222		162,376
Total Mortgage Loan Fundings	$	34,351		$	41,526		$	318,539	$	302,510
Mortgage Loan Fundings by Product (2):
Government Fundings	$	2,198		$	1,161		$	13,718	$	8,400
ARM Fundings	$	8,687		$	19,323		$	95,307	$	149,340
Home Equity Fundings	$	3,212		$	4,275		$	28,275	$	33,326
Nonprime Fundings	$	1,267		$	3,722		$	16,673	$	27,487
MORTGAGE LOAN SERVICING (5)
Volume	$	1,454,121		$	1,228,518
Units	8,964,565			7,890,954
Subservicing Volume (6)	$	23,530		$	23,179
Subservicing Units	224,476			209,126
Prepayments in Full	$	15,199		$	19,783		$	149,467	$	138,982
Bulk Servicing Acquisitions	$	1,106		$	534		$	21,598	$	740
Servicing Portfolio Performance - CHL (7)
Delinquency as a percentage of:
unpaid principal balance	4.90		%	3.65		%
number of loans serviced	5.05		%	4.15		%
Foreclosures Pending as a percentage of:
unpaid principal balance	1.20		%	0.48		%
number of loans serviced	0.89		%	0.50		%

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

	Month Ended						Year-to-Date
	August 31			August 31			August 31		August 31
	2007			2006			2007		2006
LOAN CLOSING SERVICES (units)
Credit Reports	1,071,685			920,379			7,942,671		6,922,299
Flood Determinations	287,852			302,948			2,343,745		2,260,329
Appraisals	164,453			117,367			1,027,669		835,183
Automated Property Valuation Services	1,056,932			939,734			6,432,862		5,504,996
Other	37,356			19,918			220,269		133,229
Total Units	2,618,278			2,300,346			17,967,216		15,656,036
CAPITAL MARKETS
Securities Trading Volume (8)	$	413,899		$	353,106		$	2,892,098	$	2,544,422
BANKING
Banking Operations Assets (in billions)	$	94		$	87
INSURANCE
Net Premiums Earned:
Carrier	$	110.1		$	92.1		$	768.3	$	624.7
Reinsurance	24.7			18.7			176.7		144.1
Total Net Premiums Earned	$	134.8		$	110.8		$	945.0	$	768.8
Period-end Rates
10-Year U.S. Treasury Yield	4.54		%	4.74		%
FNMA 30-Year Fixed Rate MBS Coupon	6.01		%	5.93		%

(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)

	Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		YTD
LOAN PRODUCTION
Number of Working Days in the Period	23		20		22		21		20		21		19		22		21		22		21		21		23		170
Average Daily Mortgage Loan Applications	$       2,645		$       2,836		$       2,642		$       2,729		$       2,735		$       2,820		$       3,009		$       3,134		$       2,937		$       3,126		$       3,144		$       2,662		$       2,334		$      2,891
Mortgage Loan Pipeline (loans-in-process)	$     64,125		$     65,316		$     60,939		$     62,004		$     57,217		$     58,697		$     63,945		$     69,389		$     68,747		$     69,744		$     68,533		$     62,295		$     51,828
Commercial Real Estate Loan Pipeline (loans-in-process)	$       1,730		$       1,415		$       1,824		$       2,232		$       1,991		$       1,954		$       2,381		$       3,207		$       2,845		$       2,319		$       2,206		$       2,211		$       1,613
Loan Fundings (1):
Retail Lending	$     14,021		$     12,436		$     13,669		$     12,809		$     13,949		$     12,647		$     11,955		$     14,409		$     13,578		$     14,377		$     14,043		$     12,667		$     13,016		$  106,692
Wholesale Lending	8,193		7,229		7,464		6,650		7,781		7,155		6,874		8,159		7,963		8,077		7,413		6,603		5,564		57,808
Correspondent Lending	16,185		16,534		19,399		17,764		18,370		16,261		14,896		18,616		18,294		20,803		21,875		19,267		15,597		145,609
Capital Markets Purchases	1,782		1,596		576		565		1,575		309		566		954		192		884		1,558		147		140		4,750
Banking Operations Purchases (1)	1,345		292		788		490		55		741		278		1,144		453		279		374		377		34		3,680
Total Mortgage Loan Fundings	41,526		38,087		41,896		38,278		41,730		37,113		34,569		43,282		40,480		44,420		45,263		39,061		34,351		318,539
Commercial Real Estate Lending	273		646		406		863		1,093		654		693		664		930		1,157		814		803		757		6,472
Total Loan Fundings	$     41,799		$     38,733		$     42,302		$     39,141		$     42,823		$     37,767		$     35,262		$     43,946		$     41,410		$     45,577		$     46,077		$     39,864		$     35,108		$  325,011
Total Bank Loan Fundings (2)	$     14,578		$     11,998		$     17,994		$     15,725		$     15,744		$     15,520		$     13,669		$     14,533		$     16,048		$     19,325		$     20,699		$     21,080		$     27,396		$  148,270
Loan Fundings in Units (1):
Retail Lending	88,698		78,388		83,206		75,501		78,754		70,212		67,241		80,682		78,759		85,901		83,664		78,962		81,231		626,652
Wholesale Lending	40,740		35,448		36,813		32,856		38,199		34,318		32,665		38,936		38,582		39,513		36,209		32,769		27,408		280,400
Correspondent Lending	82,777		85,213		96,120		87,847		89,483		80,195		73,413		92,391		90,113		102,422		109,615		102,021		82,938		733,108
Capital Markets Purchases	6,978		5,832		2,594		2,198		5,860		951		1,817		2,884		738		3,336		4,651		508		470		15,355
Banking Operations Purchases (1)	5,683		807		11,463		1,527		183		9,395		2,670		7,552		2,723		2,110		6,638		6,345		164		37,597
Total Mortgage Loan Fundings	224,876		205,688		230,196		199,929		212,479		195,071		177,806		222,445		210,915		233,282		240,777		220,605		192,211		1,693,112
Commercial Real Estate Lending	39		56		97		70		87		60		64		88		89		170		137		103		141		852
Total Loan Fundings	224,915		205,744		230,293		199,999		212,566		195,131		177,870		222,533		211,004		233,452		240,914		220,708		192,352		1,693,964
Total Bank Loan Fundings (2)	88,429		74,449		111,016		87,298		87,509		91,176		78,823		87,660		94,593		111,041		121,778		132,506		156,255		873,832
Mortgage Loan Fundings (1)(3):
Purchase	$     19,605		$     17,677		$     17,403		$     15,960		$     17,147		$     13,268		$     12,633		$     17,265		$     15,866		$     18,642		$     20,739		$     18,711		$     17,193		$  134,317
Non-purchase	21,921		20,410		24,493		22,318		24,583		23,845		21,936		26,017		24,614		25,778		24,524		20,350		17,158		184,222
Total Mortgage Loan Fundings	$     41,526		$     38,087		$     41,896		$     38,278		$     41,730		$     37,113		$     34,569		$     43,282		$     40,480		$     44,420		$     45,263		$     39,061		$     34,351		$  318,539
Mortgage Loan Fundings by Product (1):
Government Fundings	$       1,161		$       1,036		$       1,241		$       1,176		$       1,240		$       1,100		$       1,033		$       1,406		$       1,532		$       1,937		$       2,216		$       2,296		$       2,198		$    13,718
ARM Fundings	$     19,323		$     15,778		$     16,259		$     14,303		$     15,222		$     13,748		$     12,533		$     14,677		$     11,424		$     10,667		$     12,599		$     10,972		$       8,687		$    95,307
Home Equity Fundings	$       4,275		$       3,766		$       4,294		$       3,219		$       3,271		$       3,586		$       2,977		$       3,976		$       3,480		$       3,382		$       3,734		$       3,928		$       3,212		$    28,275
Nonprime Fundings	$       3,722		$       3,058		$       3,254		$       3,058		$       3,739		$       2,939		$       2,587		$       2,355		$       1,682		$       2,186		$       1,853		$       1,804		$       1,267		$    16,673
MORTGAGE LOAN SERVICING (4)
Volume	$ 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		$ 1,454,121
Units	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		8,964,565
Subservicing Volume (5)	$     23,179		$     20,552		$     21,125		$     18,692		$     18,275		$     17,244		$     16,455		$     16,258		$     16,338		$     16,144		$     16,263		$     17,294		$     23,530
Subservicing Units	209,126		193,536		193,170		183,359		179,293		174,330		170,625		172,916		171,381		169,041		168,026		173,490		224,476
Prepayments in Full	$     19,783		$     16,907		$     20,142		$     19,455		$     21,315		$     19,126		$     17,810		$     20,896		$     20,088		$     21,135		$     18,577		$     16,636		$     15,199		$  149,467
Bulk Servicing Acquisitions	$          534		$       2,375		$       3,913		$       2,164		$       6,589		$       1,103		$       6,136		$       5,198		$       2,962		$       2,650		$       2,401		$            42		$       1,106		$    21,598
Servicing Portfolio Performance - CHL (6)
Delinquency as a percentage of:
unpaid principal balance	3.65	%	4.04	%	3.97	%	4.15	%	4.60	%	4.32	%	4.48	%	4.07	%	4.23	%	4.44	%	4.77	%	4.89	%	4.90	%
number of loans serviced	4.15	%	4.50	%	4.43	%	4.57	%	5.02	%	4.71	%	4.71	%	4.29	%	4.45	%	4.71	%	4.98	%	5.10	%	5.05	%
Foreclosures Pending as a percentage of:
unpaid principal balance	0.48	%	0.51	%	0.58	%	0.62	%	0.70	%	0.77	%	0.80	%	0.83	%	0.85	%	0.90	%	0.96	%	1.04	%	1.20	%
number of loans serviced	0.50	%	0.52	%	0.56	%	0.60	%	0.65	%	0.69	%	0.70	%	0.69	%	0.69	%	0.71	%	0.74	%	0.79	%	0.89	%

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

	Aug-06		Sep-06		Oct-06		Nov-06		Dec-06		Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		YTD
LOAN CLOSING SERVICES (units)
Credit Reports	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		1,071,685		7,942,671
Flood Determinations	302,948		273,293		290,196		292,759		260,263		310,340		247,297		305,214		274,407		342,574		293,131		282,930		287,852		2,343,745
Appraisals	117,367		104,930		118,105		110,071		109,116		108,450		104,652		123,070		116,062		125,420		126,686		158,876		164,453		1,027,669
Automated Property Valuation Services	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		1,056,932		6,432,862
Other	19,918		17,471		21,167		20,595		22,031		25,756		23,599		24,179		24,020		26,640		27,245		31,474		37,356		220,269
Total Units	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		2,618,278		17,967,216
CAPITAL MARKETS
Securities Trading Volume (7)	$  353,106		$  301,179		$  299,790		$  325,784		$  361,725		$  312,666		$  288,731		$  396,545		$  308,694		$  350,850		$  450,200		$  370,513		$  413,899		$ 2,892,098
BANKING
Banking Operations Assets (in billions)	$           87		$           88		$           83		$           82		$           83		$           83		$           84		$           84		$           86		$           87		$           90		$           90		$           94
																											.
INSURANCE
Net Premiums Earned:
Carrier	$        92.1		$        76.5		$        81.0		$        80.0		$        85.6		$        90.7		$        89.1		$        91.1		$        89.3		$        95.7		$      102.0		$      100.3		$      110.1		$       768.3
Reinsurance	18.7		19.5		19.5		20.1		20.3		20.8		21.6		20.9		20.9		21.9		22.6		23.3		24.7		176.7
Total Net Premiums Earned	$      110.8		$        96.0		$      100.5		$      100.1		$      105.9		$      111.5		$      110.7		$      112.0		$      110.2		$      117.6		$      124.6		$      123.6		$      134.8		$       945.0
Workforce Head Count: (8)
Loan Originations	32,310		32,013		32,395		31,906		31,606		31,633		31,721		31,849		32,641		32,966		33,796		34,326		33,658
Loan Servicing	7,003		6,959		6,951		6,968		6,980		7,145		7,209		7,256		7,453		7,818		7,897		8,059		8,182
Loan Closing Services	1,699		1,665		1,668		1,657		1,681		1,702		1,758		1,793		1,851		1,858		1,935		2,029		1,984
Banking	2,473		2,476		2,075		2,047		1,997		1,952		1,957		1,967		2,057		2,377		2,496		2,491		2,291
Capital Markets	838		858		854		878		886		903		928		996		1,035		1,064		1,098		1,136		1,123
Insurance	2,141		2,135		2,095		2,052		1,980		2,040		2,068		2,106		2,143		2,211		2,219		2,296		2,273
Global Operations	2,126		2,291		2,550		2,652		2,784		2,817		2,834		3,052		3,477		3,646		3,770		3,891		4,055
Corporate Overhead & Other	7,319		7,167		6,846		6,802		6,741		6,793		6,836		6,904		7,025		7,071		7,216		7,358		7,301
Total Workforce Head Count	55,909		55,564		55,434		54,962		54,655		54,985		55,311		55,923		57,682		59,011		60,427		61,586		60,867
Period-end Rates
10-Year U.S. Treasury Yield	4.74	%	4.64	%	4.61	%	4.46	%	4.71	%	4.83	%	4.56	%	4.65	%	4.63	%	4.90	%	5.03	%	4.78	%	4.54	%
FNMA 30-Year Fixed Rate MBS Coupon	5.93	%	5.86	%	5.79	%	5.57	%	5.79	%	5.91	%	5.72	%	5.77	%	5.76	%	6.04	%	6.26	%	6.21	%	6.01	%

(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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