EX-99.2 3 a08-5844_1ex99d2.htm EX-99.2

Exhibit 99.2

 

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

 

 

 

Jan-07

 

Feb-07

 

Mar-07

 

Apr-07

 

May-07

 

Jun-07

 

Jul-07

 

Aug-07

 

Sep-07

 

Oct-07

 

Nov-07

 

Dec-07

 

Jan-08

 

YTD

 

LOAN PRODUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Working Days in the Period

 

21

 

19

 

22

 

21

 

22

 

21

 

21

 

23

 

19

 

23

 

21

 

20

 

21

 

21

 

Average Daily Mortgage Loan Applications

 

$

2,820

 

$

3,009

 

$

3,134

 

$

2,937

 

$

3,126

 

$

3,144

 

$

2,662

 

$

2,334

 

$

1,740

 

$

1,753

 

$

1,851

 

$

1,538

 

$

2,639

 

$

2,639

 

Mortgage Loan Pipeline (loans-in-process)

 

$

58,697

 

$

63,945

 

$

69,389

 

$

68,747

 

$

69,744

 

$

68,533

 

$

62,295

 

$

51,828

 

$

41,507

 

$

41,127

 

$

42,580

 

$

35,061

 

$

51,038

 

 

 

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

 

$

1,954

 

$

2,381

 

$

3,207

 

$

2,845

 

$

2,319

 

$

2,206

 

$

2,211

 

$

1,613

 

$

1,323

 

$

752

 

$

639

 

$

481

 

$

254

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Lending

 

$

12,647

 

$

11,955

 

$

14,409

 

$

13,578

 

$

14,377

 

$

14,043

 

$

12,667

 

$

13,016

 

$

9,330

 

$

9,597

 

$

9,465

 

$

10,219

 

$

9,396

 

$

9,396

 

Wholesale Lending

 

7,155

 

6,874

 

8,159

 

7,963

 

8,077

 

7,413

 

6,603

 

5,564

 

3,100

 

3,220

 

3,063

 

3,040

 

2,542

 

2,542

 

Correspondent Lending

 

16,261

 

14,896

 

18,616

 

18,294

 

20,803

 

21,875

 

19,267

 

15,597

 

8,609

 

9,028

 

9,852

 

9,895

 

9,890

 

9,890

 

Capital Markets Purchases

 

309

 

566

 

954

 

192

 

884

 

1,558

 

147

 

140

 

137

 

85

 

5

 

26

 

3

 

3

 

Banking Operations Purchases

 

741

 

278

 

1,144

 

453

 

279

 

374

 

377

 

34

 

43

 

33

 

742

 

206

 

54

 

54

 

Total Mortgage Loan Fundings

 

37,113

 

34,569

 

43,282

 

40,480

 

44,420

 

45,263

 

39,061

 

34,351

 

21,219

 

21,963

 

23,127

 

23,386

 

21,885

 

21,885

 

Commercial Real Estate Lending

 

654

 

693

 

664

 

930

 

1,157

 

814

 

803

 

757

 

242

 

405

 

121

 

160

 

50

 

50

 

Total Loan Fundings

 

$

37,767

 

$

35,262

 

$

43,946

 

$

41,410

 

$

45,577

 

$

46,077

 

$

39,864

 

$

35,108

 

$

21,461

 

$

22,368

 

$

23,248

 

$

23,546

 

$

21,935

 

$

21,935

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Bank Loan Fundings (1)

 

$

15,520

 

$

13,669

 

$

14,533

 

$

16,048

 

$

19,325

 

$

20,699

 

$

21,080

 

$

27,396

 

$

19,182

 

$

20,289

 

$

21,171

 

$

21,792

 

$

21,090

 

$

21,090

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fundings in Units:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Retail Lending

 

70,212

 

67,241

 

80,682

 

78,759

 

85,901

 

83,664

 

78,962

 

81,231

 

56,520

 

56,626

 

53,072

 

53,231

 

46,798

 

46,798

 

Wholesale Lending

 

34,318

 

32,665

 

38,936

 

38,582

 

39,513

 

36,209

 

32,769

 

27,408

 

15,844

 

16,119

 

14,992

 

14,179

 

11,674

 

11,674

 

Correspondent Lending

 

80,195

 

73,413

 

92,391

 

90,113

 

102,422

 

109,615

 

102,021

 

82,938

 

42,914

 

44,540

 

47,440

 

47,447

 

47,301

 

47,301

 

Capital Markets Purchases

 

951

 

1,817

 

2,884

 

738

 

3,336

 

4,651

 

508

 

470

 

226

 

145

 

10

 

93

 

4

 

4

 

Banking Operations Purchases

 

9,395

 

2,670

 

7,552

 

2,723

 

2,110

 

6,638

 

6,345

 

164

 

—

 

—

 

9,917

 

1,600

 

55

 

55

 

Total Mortgage Loan Fundings

 

195,071

 

177,806

 

222,445

 

210,915

 

233,282

 

240,777

 

220,605

 

192,211

 

115,504

 

117,430

 

125,431

 

116,550

 

105,832

 

105,832

 

Commercial Real Estate Lending

 

60

 

64

 

88

 

89

 

170

 

137

 

103

 

141

 

88

 

66

 

36

 

27

 

11

 

11

 

Total Loan Fundings

 

195,131

 

177,870

 

222,533

 

211,004

 

233,452

 

240,914

 

220,708

 

192,352

 

115,592

 

117,496

 

125,467

 

116,577

 

105,843

 

105,843

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Bank Loan Fundings (1)

 

91,176

 

78,823

 

87,660

 

94,593

 

111,041

 

121,778

 

132,506

 

156,255

 

105,553

 

109,892

 

116,590

 

110,090

 

104,008

 

104,008

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings (2):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase

 

$

13,268

 

$

12,633

 

$

17,265

 

$

15,866

 

$

18,642

 

$

20,739

 

$

18,711

 

$

17,193

 

$

9,637

 

$

9,304

 

$

9,732

 

$

9,044

 

$

6,831

 

$

6,831

 

Non-purchase

 

23,845

 

21,936

 

26,017

 

24,614

 

25,778

 

24,524

 

20,350

 

17,158

 

11,582

 

12,659

 

13,395

 

14,342

 

15,054

 

15,054

 

Total Mortgage Loan Fundings

 

$

37,113

 

$

34,569

 

$

43,282

 

$

40,480

 

$

44,420

 

$

45,263

 

$

39,061

 

$

34,351

 

$

21,219

 

$

21,963

 

$

23,127

 

$

23,386

 

$

21,885

 

$

21,885

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Loan Fundings by Product :

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government Fundings

 

$

1,100

 

$

1,033

 

$

1,406

 

$

1,532

 

$

1,937

 

$

2,216

 

$

2,296

 

$

2,198

 

$

1,657

 

$

2,129

 

$

2,406

 

$

2,469

 

$

2,559

 

$

2,559

 

ARM Fundings

 

$

13,748

 

$

12,533

 

$

14,677

 

$

11,424

 

$

10,667

 

$

12,599

 

$

10,972

 

$

8,687

 

$

3,826

 

$

3,095

 

$

3,326

 

$

3,688

 

$

2,832

 

$

2,832

 

Home Equity Fundings

 

$

3,586

 

$

2,977

 

$

3,976

 

$

3,480

 

$

3,382

 

$

3,734

 

$

3,928

 

$

3,212

 

$

1,600

 

$

1,357

 

$

1,903

 

$

1,264

 

$

872

 

$

872

 

Nonprime Fundings

 

$

2,939

 

$

2,587

 

$

2,355

 

$

1,682

 

$

2,186

 

$

1,853

 

$

1,804

 

$

1,267

 

$

255

 

$

42

 

$

17

 

$

6

 

$

—

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MORTGAGE LOAN SERVICING (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Volume

 

$

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

 

$

 1,476,203

 

$

 1,479,852

 

 

 

Units

 

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

 

9,034,763

 

9,022,399

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Subservicing Volume (4)

 

$

17,244

 

$

16,455

 

$

16,258

 

$

16,338

 

$

16,144

 

$

16,263

 

$

17,294

 

$

23,530

 

$

22,921

 

$

24,722

 

$

24,670

 

$

24,049

 

$

24,212

 

 

 

Subservicing Units

 

174,330

 

170,625

 

172,916

 

171,381

 

169,041

 

168,026

 

173,490

 

224,476

 

220,898

 

229,428

 

229,073

 

210,385

 

210,814

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepayments in Full

 

$

19,126

 

$

17,810

 

$

20,896

 

$

20,088

 

$

21,135

 

$

18,577

 

$

16,636

 

$

15,199

 

$

10,829

 

$

12,722

 

$

11,635

 

$

13,367

 

$

12,459

 

$

12,459

 

Bulk Servicing Acquisitions

 

$

1,103

 

$

6,136

 

$

5,198

 

$

2,962

 

$

2,650

 

$

2,401

 

$

42

 

$

1,106

 

$

64

 

$

36

 

$

21

 

$

16

 

$

27

 

$

27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Servicing Portfolio Performance - CHL (5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Delinquency as a percentage of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

unpaid principal balance

 

4.32

%

4.48

%

4.07

%

4.23

%

4.44

%

4.77

%

4.89

%

4.90

%

5.85

%

5.94

%

6.52

%

7.20

%

7.47

%

 

 

number of loans serviced

 

4.71

%

4.71

%

4.29

%

4.45

%

4.71

%

4.98

%

5.10

%

5.05

%

5.87

%

5.89

%

6.34

%

6.96

%

7.09

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreclosures Pending as a percentage of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

unpaid principal balance

 

0.77

%

0.80

%

0.83

%

0.85

%

0.90

%

0.96

%

1.04

%

1.20

%

1.27

%

1.23

%

1.28

%

1.44

%

1.48

%

 

 

number of loans serviced

 

0.69

%

0.70

%

0.69

%

0.69

%

0.71

%

0.74

%

0.79

%

0.89

%

0.92

%

0.89

%

0.94

%

1.04

%

1.05

%

 

 

 


 

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

 

 

 

Jan-07

 

Feb-07

 

Mar-07

 

Apr-07

 

May-07

 

Jun-07

 

Jul-07

 

Aug-07

 

Sep-07

 

Oct-07

 

Nov-07

 

Dec-07

 

Jan-08

 

YTD

 

LOAN CLOSING SERVICES (units)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit Reports

 

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

 

568,001

 

852,405

 

852,405

 

Flood Determinations

 

310,340

 

247,297

 

305,214

 

274,407

 

342,574

 

293,131

 

282,930

 

287,852

 

276,625

 

214,924

 

181,432

 

168,926

 

2,639

 

2,639

 

Appraisals

 

108,450

 

104,652

 

123,070

 

116,062

 

125,420

 

126,686

 

158,876

 

164,453

 

132,067

 

154,968

 

147,374

 

129,309

 

156,031

 

156,031

 

Automated Property Valuation Services

 

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

 

1,104,064

 

1,296,345

 

1,296,345

 

Other

 

25,756

 

23,599

 

24,179

 

24,020

 

26,640

 

27,245

 

31,474

 

37,356

 

30,267

 

30,662

 

28,462

 

31,218

 

34,211

 

34,211

 

Total Units

 

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

 

2,001,518

 

2,341,631

 

2,341,631

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CAPITAL MARKETS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Securities Trading Volume (6)

 

$

312,666

 

$

288,731

 

$

396,545

 

$

308,694

 

$

350,850

 

$

450,200

 

$

370,513

 

$

413,899

 

$

272,229

 

$

260,243

 

$

293,597

 

$

314,804

 

$

335,624

 

$

335,624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BANKING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Banking Operations Assets (in billions)

 

$

83

 

$

84

 

$

84

 

$

86

 

$

87

 

$

90

 

$

90

 

$

94

 

$

105

 

$

106

 

$

109

 

$

113

 

$

111

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

INSURANCE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Premiums Earned:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier

 

$

90.7

 

$

89.1

 

$

91.1

 

$

89.3

 

$

95.7

 

$

102.0

 

$

100.3

 

$

110.1

 

$

105.5

 

$

108.5

 

$

117.5

 

$

135.2

 

$

133.2

 

$

133.2

 

Reinsurance

 

20.8

 

21.6

 

20.9

 

20.9

 

21.9

 

22.6

 

23.3

 

24.7

 

26.0

 

27.6

 

29.2

 

29.1

 

30.1

 

30.1

 

Total Net Premiums Earned

 

$

111.5

 

$

110.7

 

$

112.0

 

$

110.2

 

$

117.6

 

$

124.6

 

$

123.6

 

$

134.8

 

$

131.5

 

$

136.1

 

$

146.7

 

$

164.3

 

$

163.3

 

$

163.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Workforce Head Count: (7)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Originations

 

31,633

 

31,721

 

31,849

 

32,641

 

32,966

 

33,796

 

34,326

 

33,658

 

28,322

 

25,688

 

23,424

 

22,549

 

21,933

 

 

 

Loan Servicing

 

7,145

 

7,209

 

7,256

 

7,453

 

7,818

 

7,897

 

8,059

 

8,182

 

8,283

 

8,493

 

8,687

 

8,854

 

9,039

 

 

 

Loan Closing Services

 

1,702

 

1,758

 

1,793

 

1,851

 

1,858

 

1,935

 

2,029

 

1,984

 

1,827

 

1,829

 

1,830

 

1,854

 

1,875

 

 

 

Banking

 

1,952

 

1,957

 

1,967

 

2,057

 

2,377

 

2,496

 

2,491

 

2,291

 

2,399

 

2,619

 

2,744

 

2,708

 

2,689

 

 

 

Capital Markets

 

903

 

928

 

996

 

1,035

 

1,064

 

1,098

 

1,136

 

1,123

 

895

 

883

 

868

 

855

 

837

 

 

 

Insurance

 

2,040

 

2,068

 

2,106

 

2,143

 

2,211

 

2,219

 

2,296

 

2,273

 

2,331

 

2,449

 

2,610

 

2,611

 

2,605

 

 

 

Global Operations

 

2,817

 

2,834

 

3,052

 

3,477

 

3,646

 

3,770

 

3,891

 

4,055

 

4,120

 

4,408

 

4,628

 

4,847

 

4,811

 

 

 

Corporate Overhead & Other

 

6,793

 

6,836

 

6,904

 

7,025

 

7,071

 

7,216

 

7,358

 

7,301

 

6,675

 

6,406

 

6,348

 

6,322

 

6,325

 

 

 

Total Workforce Head Count

 

54,985

 

55,311

 

55,923

 

57,682

 

59,011

 

60,427

 

61,586

 

60,867

 

54,852

 

52,775

 

51,139

 

50,600

 

50,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Period-end Rates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10-Year U.S. Treasury Yield

 

4.83

%

4.56

%

4.65

%

4.63

%

4.90

%

5.03

%

4.78

%

4.54

%

4.59

%

4.48

%

3.97

%

4.04

%

3.67

%

 

 

FNMA 30-Year Fixed Rate MBS Coupon

 

5.91

%

5.72

%

5.77

%

5.76

%

6.04

%

6.26

%

6.21

%

6.01

%

5.97

%

5.84

%

5.39

%

5.51

%

5.05

%

 

 

 

(1)

These loans are processed by the Company’s Mortgage Banking production divisions and Countrywide Commercial Real Estate Finance, Inc. or purchased from non-affiliates and are included in “Total Loan Fundings” above. The amounts include loans funded for both investment and for sale. The Company will report the amount of such loans subsequently sold on a quarterly basis.

(2)

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.

(3)

Includes loans held for sale, loans held for investment, and loans serviced for others, including those under subservicing agreements.

(4)

Subservicing volume for non-Countrywide entities.

(5)

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.

(6)

Includes trades with Mortgage Banking Segment.

(7)

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

 

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