Countrywide Financial

History

Countrywide is a diversified financial services company. The company was founded in 1969. The umbrella organization, Countrywide Credit Industries, was founded on March 14th, 1969. Countrywide made an early entry into technology in the late 1970s. In the 1980s, the company passed major milestones and also began diversification within the mortgage industry. Today, Countrywide Financial Corporation has transformed into a leading provider of consumer and business-to-business financial services in domestic and international markets.

Mission

The mission of Countrywide Financial is to break down the barriers to home ownership by supporting nonprofit organizations with missions to expand affordable housing opportunities. Countrywide also believes in giving back to the communities where they have a major presence. Countrywide targets well-managed, innovative nonprofit organizations that align strongly with their values and criteria.

Area of Operation

The businesses of Countrywide Financial are:

• Mortgage Banking
• Home Loans
• Banking
• Insurance
• Capital Markets
• Loan Closing Services
• Global Operations

Key Statistics

• Countrywide Financial holds assets of $193.19 billion.
• Countrywide Financial made profits of $2.69 billion in 2006.
• Countrywide Financial operates in the USA and offshore.
• Countrywide Financial has 54,456 employees.

Organization

The organization is managed by:

• Board of Directors
• Board Committees
• Corporate Officers

International Ranking

• Countrywide Financial ranks 163rd in the world according to Forbes Magazine.
• Countrywide Financial ranks 351st in the Fortune Global 500.

Subsidiaries

The various subsidiaries of Countrywide Financial are:

• Countrywide Home Loans and LandSafe, Inc. and its family of companies, which provide mortgage banking and loan closing services.
• CFC International, India Services provides offshore processing and IT services.
• Countrywide Capital Markets (CCM) consists of three subsidiaries: Countrywide Securities Corporation, Countrywide Servicing Exchange and Countrywide Asset Management Corporation.
• In the field of Insurance Services, Countrywide's subsidiary is Balboa Insurance Group, Inc. It is comprised of Balboa Life & Casualty, Balboa Reinsurance, DirectNet Insurance Agency, Inc. and Countrywide Insurance Services, Inc.

Recent Merger

Full Spectrum Lending, Inc. was merged into Countrywide Home Loans, Inc. in December, 2004, and became one of its internal divisions.

Headquarter Address

Countrywide Financial Corp
4500 Park Granada
Calabasas, CA 91302
Phone: (818) 225-3000
Fax: (818) 304-5979