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
Filter by
countrywide financial corp. and liquidity and mortgage - All News and Analysis
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...
Fitch: Countrywide's 'BBB+' IDR Remains on Watch Evolving on 3Q'07 Loss
- 2007-10-26
NEW YORK -- While Countrywide Financial Corp's CFC just announced third-quarter-2007 (3Q'07) net loss of $1.2 billion is significant, Fitch Ratings had anticipated extreme pressure on CFC's near term operating performance when the company was downgraded on Aug. 16, 2007. As a result, the 'BBB+' long-term Issuer Default Rating IDR...
US mortgage giant Countrywide borrows 11.5 bln dollars
- 2007-08-16
NEW YORK AFP — Countrywide Financial Corp., the leading US mortgage lender, said Thursday it borrowed 11.5 billion dollars from 40 banks to boost its stressed finances, sending shock waves through the markets. Shortly after the announcement, ratings agency Moody's Investors Service downgraded Countrywide's debt to its lowest investment-grade...
- 1
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Glass Door
Countrywide Financial
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