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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Bank of America Corporation Acquires Countrywide Financial Corp.-Financial Deals Tracker
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KB Home, Countrywide, LandSafe face another lawsuit on rigged appraisals claim
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Class-action suits against KB Home expand to Florida, North Carolina and South Carolina
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Buy These Stocks and Make Money
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Bank of America Scrambles to Provide Mortgage Relief
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Homebuyers, union allege deception by builders
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The Financial Crisis: This Dayâ€"One Year Ago, Sept. 14, 2008
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Washington D.C. joins Countrywide settlement
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August 7, 2008 Thursday: Jobs Disappear; AIG's Woes
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SEC escalating enforcement
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Bank of America earns $2.4 billion
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Countrywide fraud case hinges on disclosures to investors
News & Analysis
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countrywide financial corp. and job - All News and Analysis
Mortgage lender cuts 12,000 jobs
- 2007-09-08
LOS ANGELES AP -- Struggling lender Countrywide Financial Corp. said Friday it will cut as many as 12,000 jobs as it struggles to deal with challenging conditions in the mortgage industry. The company said the cuts, amounting to as much as 20 percent of its work force, are...
Area takes local giants' woes in stride: Amgen, Countrywide put into perspective
- 2007-09-03
Although Valley-area giants Amgen and Countrywide Financial Corp. have had severe problems in recent weeks which have led to the announcement of layoffs, local officials believe that at this time the impact of these woes to the area will be limited. Gary Wartik, manager of Economic Development for the...
Loan firms lay off 24,000 since Aug. 1
- 2007-08-23
At the North Carolina offices of mortgage lender HomeBanc Corp., Archie Clark is the only employee left. But in a few days, he'll be gone, too. "It's pretty much a ghost town over there," Clark said. "Somebody went in and took the furniture from the lobby. I don't...
Countrywide slashes 500 jobs
- 2007-08-21
LOS ANGELES -- Countrywide Financial Corp., the nation's largest mortgage lender, said Monday it had eliminated about 500 jobs as it tries to ride out problems from a credit crunch that has rocked the home loan industry. The company said the cuts came in the subprime lending...
Countrywide Financial looks to move jobs into Arizona.
- 2004-09-09
By Jim McLain, Ventura County Star, Calif. Knight Ridder/Tribune Business News Sep. 9--Countrywide Financial Corp., one of the region's largest employers, plans to build two huge buildings in Arizona to accommodate 2,500 workers, many in jobs that in another time might have ...
The outsourcing issue: two years ago, Mortgage Banking wrote about a new trend to outsource back-office jobs to India. Recently, we went back to India to check the trend and found a second wave of mortgage firms going overseas in a big way
- 2004-06-01
IT'S SPRING IN MUMBAI, INDIA FORMERLY Bombay, and already the weather is turning hot, indicating a long, steamy summer ahead. No one seems to notice, as everyone scrambles to make a living in this bustling city of 15 million people--all squeezed onto a long peninsula with offset islands that define...
Ventura County, Calif., Employers More Optimistic about Hiring, Survey Finds.
- 2003-12-16
By Deborah Crowe, Ventura County Star, Calif. Knight Ridder/Tribune Business News Dec. 16--Employers in Ventura and Santa Barbara counties appear more optimistic about adding workers early next year, according a survey released today, but prospects might fall short of what is ...
Countrywide cuts 565 jobs
- 2003-09-15
Calabasas-based Countrywide Financial Corp. has cut 565 jobs held by temporary or contract employees mainly in its loan origination unit since July as a response to a decline in its refinancing business. The company's actions come as interest rates have been on the uptick in recent months, said company...
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