Countrywide Financial

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Countrywide Financial Corporation

· Countrywide Home Loans, Inc.

· Full Spectrum® Lending (sub-prime)

Countrywide Credit Industries

Countrywide Insurance Services (CW acquired Balboa Life & Casualty)

LandSafe (loan closing, appraisal, credit and title services)

 

Countrywide has consistently been the largest lender and servicer in the sub-prime market for several years.

Market forces in 2006 forced Countrywide to cut approximately 2,000 jobs (or about 4% of its workforce).

Also late in 2006, it came to an agreement with the NY Attorney General’s office to modify some of it’s procedures in light of findings that demonstrated a propensity to put minority borrowers into higher-priced sub-prime loans.

Note that a large number of the lawsuits shown in 2003 and 2004 were for foreclosures Countrywide was filing in Federal courts in Illinois. In June of 2004, they stopped using the Federal court for foreclosure filings in Illinois.

Angelo R. Mozilo, Chairman and CEO

David Sambol, President and Chief Operating Officer

Eric P. Sieracki, Chief Financial Officer

Jerry Durham, vice president of homeownership preservation

 

Headquarters:

4500 Park Granada

Calabasas, CA 91302

(818) 225-3000

 

www.countrywide.com

 

NYSE:  CFC

 

Other primary offices in Dallas, Texas (Plano) and Phoenix Arizona (Chandler)

128Consumer Alert Score