Countrywide Financial Corp.
Stock Symbol: CFC
4500 Park Granada
Countrywide Financial Corp. Industry:
Consumer Financial Services
Countrywide Financial Corp. Description:
Countrywide Financial Corporation is a holding company that, through its subsidiaries, is engaged primarily in the residential mortgage banking business, as well as in other financial services that are in large part related to the residential mortgage market. Company offers property and casualty insurance, as well as life and disability insurance, both as an underwriter and as an independent agent. Through its banking segment, it operates a nationally chartered bank that primarily invests in residential mortgage loans and prime home equity lines of credit sourced through its mortgage banking operation.
Countrywide Financial Corp. Financial Summary:
Countrywide Financial Corp. is a diversified financial services holding company that operates in five segments: Mortgage Banking, Capital Markets, Insurance, Banking and Global Operations. For the 6 months ended 6/30/05, revenues increased 6% to $4.71B. Net income decreased 6% to $1.26B. Revenues reflect an increase in interest income. Net income was offset by an increase in compensation and occupancy expenses.
Countrywide Financial Corp. Business Summary:
Countrywide Financial Corporation (CFC) is a diversified financial service holding company engaged primarily in residential mortgage banking and related businesses. It operates in five segments: Mortgage Banking, which originates, purchases, securitizes and services mortgage loans; Capital Markets, which operates as an institutional broker-dealer that primarily specializes in trading and underwriting mortgage-backed securities; Insurance, which offers property, casualty, life and credit insurance as an underwriter and as an independent agent; Banking, which operates a federally chartered bank that primarily invests in mortgage loans and home equity lines of credit primarily sourced through its mortgage banking operation, and Global Operations, which provides mortgage loan application processing and mortgage loan servicing. During the year ended December 31, 2004, the Mortgage banking generated 65% of the Company's pre-tax earnings.