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Countrywide Financial |
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©Copyright 2006 Certus LD LLC. Reproduction in any form without written authorization is prohibited |
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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. |
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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
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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) |


