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Countrywide Financial Corp.

Industry: Consumer Financial Services

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 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.

Countrywide Financial Corp.'s rank changes

The company's ranking in 2008 was a decline from 2007 when it was ranked 91st on the Fortune 500. The Previous ranking was based on its 2007 revenue of $24,445 million (a change of -1 million compared to 2008) and profits of $2,675 million (a change of -706 million compared to 2008).

Another point of view

To many investors, profits are more important than revenue a company earns, If the Fortune 500 was ranked by profits instead of revenue then Countrywide Financial Corp. would be ranked 577th rather than 104th due to the fact it made a loss of $-704 million in 2008.

* US$ Million

• Address
  • Countrywide Financial Corp.
    4500 Park Granada
    Calabasas
    CA
    91302
• Contact Details
  • Phone: 818-225-3000
  • Fax: 818-304-5979
  • Website: www.countrywide.com
  • Stock Symbol: CFC

Countrywide Financial Corp. is not ranked in this year's Fortune 500