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The Countrywide Financial Corporation (NYSE: CFC (http://www.nyse.com/about/listed/lcddata.html?ticker=CFC)) (Countrywide Credit Industries until November 7, 2002) is the largest independent residential mortgage lending firm in the US.
Business
It writes, sells, and services mainly prime rate first mortgages for single-family homes through its Countrywide Home Loans subsidiary.
Subsidiaries
See SECFilings, Form10K (http://about.countrywide.com/SECFilings/Form10K.aspx)
- Balboa Insurance Group, Inc.
Banking Segment
- Treasury Bank, National Association (FDIC-insured, federally-chartered bank)
Capital Markets Segment
- Countrywide Securities Corporation (broker-dealer)
- Countrywide Asset Management Corporation
Global Operations Segment
Mortgage Banking Segment
- Countrywide Home Loans, Inc.
Segments
Mortgage Banking, Capital Markets (mortgage-backed securities), Insurance (homeowners', auto, life, disability, and reinsurance among others), Banking, and Global (a joint venture with Barclays to provide mortgage servicing in the UK).
Financials
2003
Loan production $435 billion
- Segment
- Mortgage Banking: 398
- Capital Markets conduit acquisitions: 22
- Treasury Bank: 14
- Product
- Prime: 397
- Prime Home Equity: 18
- Subprime: 20
Loan servicing ($ billion)
- Beginning owned servicing portfolio: 441
- Loan production: 435
- Purchased MSRs: 7
- Servicing Sold: (-)
- Runoff: (253)
- Ending owned servicing portfolio: 630
- Subservicing portfolio: 14
- Total servicing portfolio: 645
Conference calls
- 11/3/2004 - Q3 2004 Earnings Conference Call (presentation (http://about.countrywide.com//presentations/docs/Q3%202004%20conf%20call%20slides%20FINAL.pdf)) (audio (http://video.vdat.com/playfile.asp?brand=VN&file=42147_43457.asf&stream=w))
External links
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