EX-99.2 3 a07-31359_1ex99d2.htm EX-99.2

Exhibit 99.2

 

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov-06

 

Dec-06

 

Jan-07

 

Feb-07

 

Mar-07

 

Apr-07

 

May-07

 

Jun-07

 

Jul-07

 

Aug-07

 

Sep-07

 

Oct-07

 

Nov-07

 

YTD

 

LOAN PRODUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Working Days in the Period

 

21

 

20

 

21

 

19

 

22

 

21

 

22

 

21

 

21

 

23

 

19

 

23

 

21

 

233

 

Average Daily Mortgage Loan Applications

 

$

2,729

 

$

2,735

 

$

2,820

 

$

3,009

 

$

3,134

 

$

2,937

 

$

3,126

 

$

3,144

 

$

2,662

 

$

2,334

 

$

1,740

 

$

1,753

 

$

1,851

 

$

2,591

 

Mortgage Loan Pipeline (loans-in-process)

 

$

62,004

 

$

57,217

 

$

58,697

 

$

63,945

 

$

69,389

 

$

68,747

 

$

69,744

 

$

68,533

 

$

62,295

 

$

51,828

 

$

41,507

 

$

41,127

 

$

42,580

 

 

 

Commercial Real Estate Loan Pipeline (loans-in-process)

 

$

2,232

 

$

1,991

 

$

1,954

 

$

2,381

 

$

3,207

 

$

2,845

 

$

2,319

 

$

2,206

 

$

2,211

 

$

1,613

 

$

1,323

 

$

752

 

$

639

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Lending

 

$

12,809

 

$

13,949

 

$

12,647

 

$

11,955

 

$

14,409

 

$

13,578

 

$

14,377

 

$

14,043

 

$

12,667

 

$

13,016

 

$

9,330

 

$

9,597

 

$

9,465

 

$

135,084

 

Wholesale Lending

 

6,650

 

7,781

 

7,155

 

6,874

 

8,159

 

7,963

 

8,077

 

7,413

 

6,603

 

5,564

 

3,100

 

3,220

 

3,063

 

67,191

 

Correspondent Lending

 

17,764

 

18,370

 

16,261

 

14,896

 

18,616

 

18,294

 

20,803

 

21,875

 

19,267

 

15,597

 

8,609

 

9,028

 

9,852

 

173,098

 

Capital Markets Purchases

 

565

 

1,575

 

309

 

566

 

954

 

192

 

884

 

1,558

 

147

 

140

 

137

 

85

 

5

 

4,977

 

Banking Operations Purchases (1)

 

490

 

55

 

741

 

278

 

1,144

 

453

 

279

 

374

 

377

 

34

 

43

 

33

 

742

 

4,498

 

Total Mortgage Loan Fundings

 

38,278

 

41,730

 

37,113

 

34,569

 

43,282

 

40,480

 

44,420

 

45,263

 

39,061

 

34,351

 

21,219

 

21,963

 

23,127

 

384,848

 

Commercial Real Estate Lending

 

863

 

1,093

 

654

 

693

 

664

 

930

 

1,157

 

814

 

803

 

757

 

242

 

405

 

121

 

7,240

 

Total Loan Fundings

 

$

39,141

 

$

42,823

 

$

37,767

 

$

35,262

 

$

43,946

 

$

41,410

 

$

45,577

 

$

46,077

 

$

39,864

 

$

35,108

 

$

21,461

 

$

22,368

 

$

23,248

 

$

392,088

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Bank Loan Fundings (2)

 

$

15,725

 

$

15,744

 

$

15,520

 

$

13,669

 

$

14,533

 

$

16,048

 

$

19,325

 

$

20,699

 

$

21,080

 

$

27,396

 

$

19,182

 

$

20,289

 

$

21,171

 

$

208,912

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings in Units (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Lending

 

75,501

 

78,754

 

70,212

 

67,241

 

80,682

 

78,759

 

85,901

 

83,664

 

78,962

 

81,231

 

56,520

 

56,626

 

53,072

 

792,870

 

Wholesale Lending

 

32,856

 

38,199

 

34,318

 

32,665

 

38,936

 

38,582

 

39,513

 

36,209

 

32,769

 

27,408

 

15,844

 

16,119

 

14,992

 

327,355

 

Correspondent Lending

 

87,847

 

89,483

 

80,195

 

73,413

 

92,391

 

90,113

 

102,422

 

109,615

 

102,021

 

82,938

 

42,914

 

44,540

 

47,440

 

868,002

 

Capital Markets Purchases

 

2,198

 

5,860

 

951

 

1,817

 

2,884

 

738

 

3,336

 

4,651

 

508

 

470

 

226

 

145

 

10

 

15,736

 

Banking Operations Purchases (1)

 

1,527

 

183

 

9,395

 

2,670

 

7,552

 

2,723

 

2,110

 

6,638

 

6,345

 

164

 

—

 

—

 

9,917

 

47,514

 

Total Mortgage Loan Fundings

 

199,929

 

212,479

 

195,071

 

177,806

 

222,445

 

210,915

 

233,282

 

240,777

 

220,605

 

192,211

 

115,504

 

117,430

 

125,431

 

2,051,477

 

Commercial Real Estate Lending

 

70

 

87

 

60

 

64

 

88

 

89

 

170

 

137

 

103

 

141

 

88

 

66

 

36

 

1,042

 

Total Loan Fundings

 

199,999

 

212,566

 

195,131

 

177,870

 

222,533

 

211,004

 

233,452

 

240,914

 

220,708

 

192,352

 

115,592

 

117,496

 

125,467

 

2,052,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Bank Loan Fundings (2)

 

87,298

 

87,509

 

91,176

 

78,823

 

87,660

 

94,593

 

111,041

 

121,778

 

132,506

 

156,255

 

105,553

 

109,892

 

116,590

 

1,205,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings (1)(3):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

$

15,960

 

$

17,147

 

$

13,268

 

$

12,633

 

$

17,265

 

$

15,866

 

$

18,642

 

$

20,739

 

$

18,711

 

$

17,193

 

$

9,637

 

$

9,304

 

$

9,732

 

$

162,990

 

Non-purchase

 

22,318

 

24,583

 

23,845

 

21,936

 

26,017

 

24,614

 

25,778

 

24,524

 

20,350

 

17,158

 

11,582

 

12,659

 

13,395

 

221,858

 

Total Mortgage Loan Fundings

 

$

38,278

 

$

41,730

 

$

37,113

 

$

34,569

 

$

43,282

 

$

40,480

 

$

44,420

 

$

45,263

 

$

39,061

 

$

34,351

 

$

21,219

 

$

21,963

 

$

23,127

 

$

384,848

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings by Product (1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government Fundings

 

$

1,176

 

$

1,240

 

$

1,100

 

$

1,033

 

$

1,406

 

$

1,532

 

$

1,937

 

$

2,216

 

$

2,296

 

$

2,198

 

$

1,657

 

$

2,129

 

$

2,406

 

$

19,910

 

ARM Fundings

 

$

14,303

 

$

15,222

 

$

13,748

 

$

12,533

 

$

14,677

 

$

11,424

 

$

10,667

 

$

12,599

 

$

10,972

 

$

8,687

 

$

3,826

 

$

3,095

 

$

3,326

 

$

105,554

 

Home Equity Fundings

 

$

3,219

 

$

3,271

 

$

3,586

 

$

2,977

 

$

3,976

 

$

3,480

 

$

3,382

 

$

3,734

 

$

3,928

 

$

3,212

 

$

1,600

 

$

1,357

 

$

1,903

 

$

33,135

 

Nonprime Fundings

 

$

3,058

 

$

3,739

 

$

2,939

 

$

2,587

 

$

2,355

 

$

1,682

 

$

2,186

 

$

1,853

 

$

1,804

 

$

1,267

 

$

255

 

$

42

 

$

17

 

$

16,987

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MORTGAGE LOAN SERVICING (4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

$

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

 

$

1,459,136

 

$

1,465,009

 

$

1,470,845

 

 

 

Units

 

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

 

8,982,308

 

8,999,292

 

9,021,138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subservicing Volume (5)

 

$

18,692

 

$

18,275

 

$

17,244

 

$

16,455

 

$

16,258

 

$

16,338

 

$

16,144

 

$

16,263

 

$

17,294

 

$

23,530

 

$

22,921

 

$

24,722

 

$

24,670

 

 

 

Subservicing Units

 

183,359

 

179,293

 

174,330

 

170,625

 

172,916

 

171,381

 

169,041

 

168,026

 

173,490

 

224,476

 

220,898

 

229,428

 

229,073

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepayments in Full

 

$

19,455

 

$

21,315

 

$

19,126

 

$

17,810

 

$

20,896

 

$

20,088

 

$

21,135

 

$

18,577

 

$

16,636

 

$

15,199

 

$

10,829

 

$

12,722

 

$

11,635

 

$

184,653

 

Bulk Servicing Acquisitions

 

$

2,164

 

$

6,589

 

$

1,103

 

$

6,136

 

$

5,198

 

$

2,962

 

$

2,650

 

$

2,401

 

$

42

 

$

1,106

 

$

64

 

$

36

 

$

21

 

$

21,719

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Servicing Portfolio Performance - CHL (6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquency as a percentage of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

unpaid principal balance

 

4.15

%

4.60

%

4.32

%

4.48

%

4.07

%

4.23

%

4.44

%

4.77

%

4.89

%

4.90

%

5.85

%

5.94

%

6.52

%

 

 

number of loans serviced

 

4.57

%

5.02

%

4.71

%

4.71

%

4.29

%

4.45

%

4.71

%

4.98

%

5.10

%

5.05

%

5.87

%

5.89

%

6.34

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosures Pending as a percentage of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

unpaid principal balance

 

0.62

%

0.70

%

0.77

%

0.80

%

0.83

%

0.85

%

0.90

%

0.96

%

1.04

%

1.20

%

1.27

%

1.23

%

1.28

%

 

 

number of loans serviced

 

0.60

%

0.65

%

0.69

%

0.70

%

0.69

%

0.69

%

0.71

%

0.74

%

0.79

%

0.89

%

0.92

%

0.89

%

0.94

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nov-06

 

Dec-06

 

Jan-07

 

Feb-07

 

Mar-07

 

Apr-07

 

May-07

 

Jun-07

 

Jul-07

 

Aug-07

 

Sep-07

 

Oct-07

 

Nov-07

 

YTD

 

LOAN CLOSING SERVICES (units)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Reports

 

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

 

746,947

 

811,634

 

694,475

 

10,195,727

 

Flood Determinations

 

292,759

 

260,263

 

310,340

 

247,297

 

305,214

 

274,407

 

342,574

 

293,131

 

282,930

 

287,852

 

276,625

 

214,924

 

181,432

 

3,016,726

 

Appraisals

 

110,071

 

109,116

 

108,450

 

104,652

 

123,070

 

116,062

 

125,420

 

126,686

 

158,876

 

164,453

 

132,067

 

154,968

 

147,374

 

1,462,078

 

Automated Property Valuation Services

 

902,351

 

447,833

 

539,439

 

1,257,809

 

573,932

 

634,281

 

1,003,475

 

698,273

 

668,721

 

1,056,932

 

1,251,064

 

5,793,171

 

883,978

 

14,361,075

 

Other

 

20,595

 

22,031

 

25,756

 

23,599

 

24,179

 

24,020

 

26,640

 

27,245

 

31,474

 

37,356

 

30,267

 

30,662

 

28,462

 

309,660

 

Total Units

 

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

 

2,436,970

 

7,005,359

 

1,935,721

 

29,345,266

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL MARKETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities Trading Volume (7)

 

$

325,784

 

$

361,725

 

$

312,666

 

$

288,731

 

$

396,545

 

$

308,694

 

$

350,850

 

$

450,200

 

$

370,513

 

$

413,899

 

$

272,229

 

$

260,243

 

$

293,597

 

$

3,718,167

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banking Operations Assets (in billions)

 

$

82

 

$

83

 

$

83

 

$

84

 

$

84

 

$

86

 

$

87

 

$

90

 

$

90

 

$

94

 

$

105

 

$

106

 

$

109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSURANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier

 

$

80.0

 

$

85.6

 

$

90.7

 

$

89.1

 

$

91.1

 

$

89.3

 

$

95.7

 

$

102.0

 

$

100.3

 

$

110.1

 

$

105.5

 

$

108.5

 

$

117.5

 

$

1,099.8

 

Reinsurance

 

20.1

 

20.3

 

20.8

 

21.6

 

20.9

 

20.9

 

21.9

 

22.6

 

23.3

 

24.7

 

26.0

 

27.6

 

29.2

 

259.5

 

Total Net Premiums Earned

 

$

100.1

 

$

105.9

 

$

111.5

 

$

110.7

 

$

112.0

 

$

110.2

 

$

117.6

 

$

124.6

 

$

123.6

 

$

134.8

 

$

131.5

 

$

136.1

 

$

146.7

 

$

1,359.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workforce Head Count: (8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Originations

 

31,906

 

31,606

 

31,633

 

31,721

 

31,849

 

32,641

 

32,966

 

33,796

 

34,326

 

33,658

 

28,322

 

25,688

 

23,424

 

 

 

Loan Servicing

 

6,968

 

6,980

 

7,145

 

7,209

 

7,256

 

7,453

 

7,818

 

7,897

 

8,059

 

8,182

 

8,283

 

8,493

 

8,687

 

 

 

Loan Closing Services

 

1,657

 

1,681

 

1,702

 

1,758

 

1,793

 

1,851

 

1,858

 

1,935

 

2,029

 

1,984

 

1,827

 

1,829

 

1,830

 

 

 

Banking

 

2,047

 

1,997

 

1,952

 

1,957

 

1,967

 

2,057

 

2,377

 

2,496

 

2,491

 

2,291

 

2,399

 

2,619

 

2,744

 

 

 

Capital Markets

 

878

 

886

 

903

 

928

 

996

 

1,035

 

1,064

 

1,098

 

1,136

 

1,123

 

895

 

883

 

868

 

 

 

Insurance

 

2,052

 

1,980

 

2,040

 

2,068

 

2,106

 

2,143

 

2,211

 

2,219

 

2,296

 

2,273

 

2,331

 

2,449

 

2,610

 

 

 

Global Operations

 

2,652

 

2,784

 

2,817

 

2,834

 

3,052

 

3,477

 

3,646

 

3,770

 

3,891

 

4,055

 

4,120

 

4,408

 

4,628

 

 

 

Corporate Overhead & Other

 

6,802

 

6,741

 

6,793

 

6,836

 

6,904

 

7,025

 

7,071

 

7,216

 

7,358

 

7,301

 

6,675

 

6,406

 

6,348

 

 

 

Total Workforce Head Count

 

54,962

 

54,655

 

54,985

 

55,311

 

55,923

 

57,682

 

59,011

 

60,427

 

61,586

 

60,867

 

54,852

 

52,775

 

51,139

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period-end Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10-Year U.S. Treasury Yield

 

4.46

%

4.71

%

4.83

%

4.56

%

4.65

%

4.63

%

4.90

%

5.03

%

4.78

%

4.54

%

4.59

%

4.48

%

3.97

%

 

 

FNMA 30-Year Fixed Rate MBS Coupon

 

5.57

%

5.79

%

5.91

%

5.72

%

5.77

%

5.76

%

6.04

%

6.26

%

6.21

%

6.01

%

5.97

%

5.84

%

5.39

%

 

 

 

(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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