BNET Industries
Last Fiscal Year Sales:$25.1B
- Private
- US
Dow Jones Description
Countrywide Financial is proud to have become a wholly owned subsidiary of Bank of America Corporation. We have become America's leading home loan provider and we know with this position comes great responsibility to our communities and our customers. We are committed to responsible lending practices, meaningful community development initiatives and providing a broad suite of products. Combining the two companies will create unique opportunities that will build stronger customer relationships and deliver solutions that are more responsive to customers needs. With nearly 40 years of experience in the mortgage business, Countrywide is committed to continuing to help customers achieve and sustain homeownership. Countrywide is very excited about the opportunities this merger will provide.
Number of Employees 54,456
Contact Information
4500 Park Granada
Calabasas, California 91302-1613
818-225-3000
Peer Companies
NAICS Code Savings Institutions: 522120
Recent Events
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Countrywide settles for $3 million
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Countrywide pays $20.9M settlement in Florida
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Some Countrywide customers will get settlement checks
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Banks' $10 billion problem: loan repurchases
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Mortgage Losses Pit Insurers vs. Lenders
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Class action suit filed against KB Home, Countrywide and LandSafe Appraisal
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Class-action suits against KB Home expand to Florida, North Carolina and South Carolina
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Homebuyers, union allege deception by builders
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Countrywide Settles Employee Class Action for $55M
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SEC escalating enforcement
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Countrywide fraud case hinges on disclosures to investors
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SEC v. Mozilo: Repairing the Financial Services Industry
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Countrywide exec warned about mortgage risks
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HomeBanc's deal to sell assets to Countrywide likely in jeopardy
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Countrywide to buy some retail assets from lender in Southeast
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HomeBanc exits mortgage origination business
News & Analysis
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countrywide financial corp. and investment and security - All News and Analysis
Security Solutions International Orders Purchase of Universal Detection Technology Ricin Toxin detection kits.
- 2008-01-11
M2 PRESSWIRE-11 January 2008-InvestSource Inc.: Security Solutions International Orders Purchase of Universal Detection Technology Ricin Toxin detection kitsC1994-2008 M2 COMMUNICATIONS LTD RDATE:11012008 Stocks in the News: Universal Detection Technology, Inc. (OTC BB: UDTT), Northrop Grumman Corporation (NYSE: NOC), TASER...
A new era: what does the future hold for the securitization model of mortgage lending? Could the era of the independent mortgage banking firm be a thing of the past?
- 2007-11-01
Countrywide Financial Corporation, Calabasas, California, became the nation's largest mortgage lender by thriving in chaotic times. After past periods of turmoil--such as the unexpected April 1994 interest-rate spike--Countrywide has been able to increase its market share in both originations and servicing. [??] Warning shots signaling coming challenges were fired earlier...
Anatomy of a meltdown
- 2007-10-01
The subprime meltdown spilled over into other financial markets over the summer. Investors fled the private-label residential mortgage-backed securities market, shutting it down in early August. Facing margin calls, falling asset values, no buyers for non-agency bonds and no buyers for mortgages originated for the private-label market, mortgage companies large...
Risk, Luck, & Fate: If Only Countrywide Had Struck Oil
- 2007-09-01
Far be it from us to predict the fate of Countrywide Financial Corp., America's largest home lending institution, which - along with many others - apparently dined heartily on subprime mortgages.As this issue goes to press, it would seem that the fate of Countrywide could now either validate the company's...
Countrywide Financial Will Host its 2007 Fixed Income Investor Day.
- 2007-05-18
M2 PRESSWIRE-18 May 2007-Upward Momentum: Countrywide Financial Will Host its 2007 Fixed Income Investor DayC1994-2007 M2 COMMUNICATIONS LTD RDATE:18052007 Market Gainer is quickly emerging as the one stop shop for international small-cap investors looking to stay a step ahead of the...
Inside the market correction: first came the spike in delinquencies and defaults. Then came the fallout for subprime lenders. A market correction in the mortgage industry is squeezing out the excesses in pricing and underwriting. Most predict the industry
- 2007-05-01
Like a streak of lightning that comes out of the blue and sets the barn on fire, the signs of distress in the mortgage marketplace seemed to appear rather suddenly late last year. The spike in delinquencies and defaults in subprime loans was notably sharp. There were also increases in...
Countrywide Financial Corp. CEO Exercises Options.
- 2007-04-24
M2 PRESSWIRE-24 April 2007-NYSENEWS: Countrywide Financial Corp. CEO Exercises OptionsC1994-2007 M2 COMMUNICATIONS LTD RDATE:24042007 InvestorIM has been created as a tool for the average investor. The idea is simple, a website where the world can communicate. Do you have a stock...
Underwriters see big rewards in home equity loans.
- 2004-08-30
A surge in home equity loans this year bolstered growth in securities backed by those loans, catapulting Countrywide Financial Corp. to the top spot among U.S. underwriters of those asset-backed securities. Sales of bonds backed by home equity loans jumped to $198.4 billion in the first half of...
- 1
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Glass Door
Countrywide Financial
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