Countrywide Financial (CFC) 8-K Results of Operations and Financial Condition

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES

ROLLING THIRTEEN MONTH STATISTICAL DATA

(Dollars in millions)

	Sep-04			Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			YTD
LOAN PRODUCTION
Number of Working Days in the Period		21			21			21			22			19			19			23			21			21			22			20			23			21			189
Average Daily Mortgage Loan Applications	$	2,098		$	1,991		$	2,010		$	1,983		$	2,107		$	2,329		$	2,362		$	2,565		$	2,773		$	3,029		$	2,973		$	3,168		$	3,043		$	2,717
Mortgage Loan Pipeline (loans-in-process)	$	50,887		$	51,990		$	50,638		$	47,768		$	47,842		$	54,774		$	58,803		$	65,791		$	70,491		$	77,009		$	77,007		$	78,062		$	76,821
Commercial Real Estate Loan Pipeline (loans-in-process)	$	109		$	229		$	327		$	308		$	233		$	308		$	393		$	361		$	275		$	502		$	521		$	458		$	558
Loan Fundings:
Consumer Markets Division	$	9,164		$	9,666		$	10,183		$	10,440		$	8,147		$	8,520		$	11,418		$	10,944		$	11,895		$	13,583		$	12,644		$	14,488		$	13,257		$	104,896
Wholesale Lending Division		5,881			6,236			6,775			6,992			5,177			5,378			6,802			5,738			6,383			7,492			7,058			8,254			7,748			60,030
Correspondent Lending Division		10,810			9,846			11,594			13,086			10,254			9,648			13,405			12,275			14,448			18,396			18,209			22,681			21,841			141,157
Countrywide Bank (1)		0			0			0			0			0			0			0			0			0			0			103			150			4,693			4,946
Total Mortgage Banking		25,855			25,748			28,552			30,518			23,578			23,546			31,625			28,957			32,726			39,471			38,014			45,573			47,539			311,029
Capital Markets		2,123			729			1,082			2,234			2,190			1,050			950			629			713			1,784			659			2,335			2,089			12,399
Countrywide Bank Investment Portfolio (1) (2)		3,020			2,740			1,734			1,978			2,477			2,310			3,734			4,819			5,237			6,011			5,436			5,159			(794	)		34,389
Total Mortgage Loan Fundings		30,998			29,217			31,368			34,730			28,245			26,906			36,309			34,405			38,676			47,266			44,109			53,067			48,834			357,817
Commercial Real Estate Fundings		3			48			126			181			247			226			91			112			335			285			293			397			423			2,409
Total Loan Fundings	$	31,001		$	29,265		$	31,494		$	34,911		$	28,492		$	27,132		$	36,400		$	34,517		$	39,011		$	47,551		$	44,402		$	53,464		$	49,257		$	360,226
Loan Fundings in Units:
Consumer Markets Division		64,123			67,098			75,600			72,025			53,993			56,651			69,690			66,748			68,642			75,774			69,975			81,911			74,631			618,015
Wholesale Lending Division		32,818			33,390			37,491			38,476			26,805			27,846			35,407			29,500			31,153			34,497			32,941			38,251			35,621			292,021
Correspondent Lending Division		60,219			55,413			68,947			74,305			57,064			51,625			68,324			62,239			72,656			89,416			87,669			107,029			101,139			697,161
Countrywide Bank (1)		0			0			0			0			0			0			0			0			0			0			311			457			83,588			84,356
Total Mortgage Banking		157,160			155,901			182,038			184,806			137,862			136,122			173,421			158,487			172,451			199,687			190,896			227,648			294,979			1,691,553
Capital Markets		10,288			2,868			4,523			9,665			10,673			3,582			3,774			2,665			2,430			7,183			2,446			8,148			8,157			49,058
Countrywide Bank Investment Portfolio (1) (2)		28,736			28,081			8,862			13,389			19,904			19,969			33,006			38,171			41,036			45,933			43,421			43,705			(47,363	)		237,782
Total Mortgage Loan Fundings in Units		196,184			186,850			195,423			207,860			168,439			159,673			210,201			199,323			215,917			252,803			236,763			279,501			255,773			1,978,393
Commercial Real Estate		1			6			10			13			6			11			9			9			23			31			22			30			25			166
Total Loan Fundings in Units		196,185			186,856			195,433			207,873			168,445			159,684			210,210			199,332			215,940			252,834			236,785			279,531			255,798			1,978,559
Mortgage Loan Fundings:
Purchase (3)	$	17,001		$	14,884		$	15,154		$	16,533		$	12,666		$	12,052		$	16,502		$	16,913		$	19,759		$	24,023		$	20,982		$	25,079		$	22,971		$	170,947
Non-purchase (3)		13,997			14,333			16,214			18,197			15,579			14,854			19,807			17,492			18,917			23,243			23,127			27,988			25,863			186,870
Total Mortgage Loan Fundings	$	30,998		$	29,217		$	31,368		$	34,730		$	28,245		$	26,906		$	36,309		$	34,405		$	38,676		$	47,266		$	44,109		$	53,067		$	48,834		$	357,817
Mortgage Loan Fundings by Product:
Government Fundings	$	934		$	832		$	953		$	875		$	646		$	695		$	796		$	792		$	852		$	1,056		$	995		$	1,114		$	1,032		$	7,978
ARM Fundings	$	21,026		$	16,341		$	16,422		$	18,457		$	15,080		$	14,081		$	19,484		$	19,583		$	21,684		$	25,952		$	23,275		$	27,267		$	24,011		$	190,417
Home Equity Fundings	$	3,164		$	3,036		$	3,061		$	3,148		$	2,732		$	2,618		$	3,413		$	3,519		$	3,661		$	3,879		$	3,641		$	4,122		$	3,818		$	31,403
Nonprime Fundings	$	3,894		$	3,276		$	3,459		$	4,306		$	3,851		$	2,605		$	3,364		$	2,922		$	3,312		$	4,202		$	3,661		$	4,504		$	4,036		$	32,457
MORTGAGE LOAN SERVICING(4)
Volume	$	785,992		$	805,922		$	821,287		$	838,322		$	866,665		$	878,270		$	893,405		$	914,465		$	937,275		$	964,444		$	990,624		$	1,020,416		$	1,047,623
Units		5,889,950			6,018,496			6,113,193			6,196,487			6,388,677			6,450,135			6,517,536			6,622,839			6,727,201			6,843,218			6,957,389			7,089,887			7,203,562
Subservicing Volume (5)	$	17,861		$	16,869		$	17,421		$	16,847		$	22,712		$	21,389		$	21,178		$	25,737		$	27,526		$	27,706		$	28,783		$	28,868		$	27,556
Subservicing Units		174,079			171,273			174,875			171,633			211,025			212,654			207,380			232,972			262,361			258,716			261,325			259,688			256,935
Prepayments in Full	$	13,669		$	14,336		$	16,013		$	17,755		$	12,408		$	11,790		$	20,809		$	16,608		$	17,990		$	22,192		$	21,860		$	25,111		$	21,443		$	170,211
Bulk Servicing Acquisitions	$	3,399		$	8,241		$	1,870		$	4,903		$	8,475		$	4,136		$	5,320		$	4,665		$	1,433		$	9,472		$	6,279		$	3,393		$	59		$	43,232
Portfolio Delinquency — CHL (6)		3.73	%		3.92	%		3.85	%		3.83	%		3.89	%		3.74	%		3.31	%		3.31	%		3.44	%		3.51	%		3.86	%		3.68	%		4.03	%
Foreclosures Pending — CHL (6)		0.35	%		0.37	%		0.41	%		0.42	%		0.45	%		0.45	%		0.43	%		0.39	%		0.39	%		0.39	%		0.40	%		0.42	%		0.42	%

COUNTRYWIDE FINANCIAL CORPORATION AND SUBSIDIARIES
ROLLING THIRTEEN MONTH STATISTICAL DATA
(Dollars in millions)

	Sep-04			Oct-04			Nov-04			Dec-04			Jan-05			Feb-05			Mar-05			Apr-05			May-05			Jun-05			Jul-05			Aug-05			Sep-05			YTD
LOAN CLOSING SERVICES (units)
Credit Reports		657,661			660,351			634,685			580,363			695,173			696,309			872,342			807,247			830,477			886,555			856,161			914,659			822,119			7,381,042
Flood Determinations		239,230			237,386			235,665			247,978			233,500			260,748			296,382			287,393			306,636			350,861			290,446			318,626			320,502			2,665,094
Appraisals		78,118			77,388			80,253			82,114			68,309			76,441			97,743			91,952			102,056			113,910			106,283			123,082			110,006			889,782
Automated Property Valuation Services		463,760			477,592			508,451			496,643			496,469			508,279			655,246			574,803			591,654			615,269			726,083			750,312			710,337			5,628,452
Other		13,678			14,430			15,895			17,119			16,027			15,337			18,862			13,938			13,107			15,109			13,311			16,786			15,249			137,726
Total Units		1,452,447			1,467,147			1,474,949			1,424,217			1,509,478			1,557,114			1,940,575			1,775,333			1,843,930			1,981,704			1,992,284			2,123,465			1,978,213			16,702,096
CAPITAL MARKETS
Securities Trading Volume (7)	$	287,475		$	239,128		$	260,065		$	260,666		$	248,216		$	256,305		$	324,100		$	254,172		$	296,724		$	336,598		$	295,824		$	345,998		$	329,551		$	2,687,488
BANKING
Assets Held by Countrywide Bank (in billions)	$	33.9		$	36.4		$	38.8		$	41.0		$	43.3		$	45.9		$	51.1		$	56.0		$	61.5		$	65.5		$	69.6		$	72.5		$	71.0
INSURANCE
Net Premiums Earned:
Carrier	$	50.0		$	54.1		$	53.6		$	55.8		$	54.5		$	49.3		$	52.0		$	53.6		$	56.6		$	62.2		$	67.1		$	53.7		$	74.6		$	523.6
Reinsurance		13.6			13.7			13.8			14.3			14.5			14.8			14.4			14.4			14.2			14.5			14.4			14.8			15.5			131.5
Total Net Premiums Earned	$	63.6		$	67.8		$	67.4		$	70.1		$	69.0		$	64.1		$	66.4		$	68.0		$	70.8		$	76.7		$	81.5		$	68.5		$	90.1		$	655.1
GLOBAL OPERATIONS
Global Home Loans Subservicing Volume (in billions)	$	110		$	112		$	117		$	118		$	116		$	118		$	115		$	116		$	111		$	109		$	106		$	109		$	106
Workforce Head Count:(8)
Loan Originations		24,334			24,899			25,203			25,071			25,162			25,183			25,470			26,024			27,076			28,482			29,393			30,853			31,318
Loan Servicing		5,961			6,079			6,202			6,331			6,225			6,259			6,367			6,559			6,783			6,992			7,131			7,415			7,552
Loan Closing Services		1,100			1,113			1,123			1,146			1,171			1,221			1,290			1,293			1,343			1,421			1,464			1,528			1,571
Insurance		1,881			1,880			1,880			1,899			1,890			1,913			1,925			1,982			2,003			2,039			2,068			2,074			2,053
Capital Markets		559			566			564			569			569			579			588			592			597			620			638			640			653
Global Operations		2,246			2,328			2,332			2,317			2,331			2,345			2,362			2,373			2,484			2,575			2,557			2,703			2,865
Banking		1,164			1,184			1,213			1,213			1,508			1,562			1,585			1,621			1,653			1,714			1,798			1,896			2,039
Corporate Overhead & Other		4,001			4,033			4,102			4,066			4,075			4,059			4,070			4,106			4,232			4,337			4,375			4,492			4,632
Total Workforce Head Count		41,246			42,082			42,619			42,612			42,931			43,121			43,657			44,550			46,171			48,180			49,424			51,601			52,683
Period-end Rates
10-Year U.S. Treasury Yield		4.14	%		4.05	%		4.36	%		4.24	%		4.14	%		4.36	%		4.50	%		4.21	%		4.00	%		3.94	%		4.28	%		4.02	%		4.34	%
FNMA 30-Year Fixed Rate MBS Coupon		5.23	%		5.11	%		5.27	%		5.21	%		5.12	%		5.34	%		5.48	%		5.28	%		5.02	%		5.00	%		5.36	%		5.15	%		5.51	%

(1)	Countrywide Bank funds loans for both investment purposes and for sale; these loans are processed for Countrywide Bank by the Company’s Mortgage Banking production divisions. Bank production included in Mortgage Banking fundings includes loans originated for sale at the Bank together with bulk sales of loans from the Bank to the Mortgage Banking Segment.
(2)	Bank loan fundings will be negative in a period where fundings are exceeded by loans sold to affiliates.
(3)	Purchase fundings include first trust deed and home equity loans used as purchase money debt in the acquisition of a home. Non-purchase fundings include first trust deed refinance loans, home equity refinance loans, and stand-alone home equity loans.
(4)	Includes loans held for sale, loans held for investment, and loans serviced for others under subservicing agreements.
(5)	Subservicing volume for non-Countrywide entities.
(6)	Expressed as a percentage of the total number of loans serviced, excluding subserviced loans and portfolios purchased at a discount due to their non-performing status.
(7)	Includes trades with Mortgage Banking Segment.
(8)	Workforce Head Count includes full-time employees, contract, and temporary help.

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