Countrywide Family of Companies, Mortgage Banking

With residential lending at the core of our strategic vision, Countrywide originates and services home mortgage loans, and is a national leader in residential finance. There are three primary sectors of the company's mortgage banking business Loan Production, Loan Servicing and Loan Closing Services.

The Loan Production sector produces mortgage loans in several channels, through divisions of Countrywide Bank, FSB. The Loan Closing Services sector provides other complementary services offered as part of the mortgage origination process through LandSafe, Inc., including title, escrow, appraisal, credit reporting and flood determination services. The Loan Servicing sector services the loans in the company's servicing portfolio and reflects the performance of investment in mortgage servicing rights and other retained interests.

Through divisions of Countrywide Bank, the company originates loans through separate production channels (retail, wholesale and correspondent), and loan product menu includes conventional, fixed and adjustable rate single-family residential mortgage loans, FHA, VA, and jumbo loan programs, home equity lines of credit, fixed rate second mortgages, and loans for those with less than perfect credit.

The Consumer Markets Division, a division of Countrywide Bank, FSB, offers a wide selection of residential mortgages, home equity loans and other financial products directly to consumers, real estate professionals and builders via local offices, as well as through regional sales centers and the Internet.

The Wholesale Lending Division, a division of Countrywide Bank, FSB, is known as America's Wholesale Lender. This division provides home loans to consumers whose loans are originated and processed by mortgage brokers, who are members of the division's network of approved business partners. The division works with brokers through a nationwide network of offices, regional centers and the Countrywide Wholesale Business Channel, a robust business-to-business Web site at www.cwbc.com.

The Correspondent Lending Division (CLD), a division of Countrywide Bank, FSB, purchases closed loans from mortgage bankers and financial institutions across the country. By offering Countrywide's loan programs, CLD assists local and regional mortgage bankers to compete in their specific mortgage markets. For information on how to contact a regional office, click here.

House America, established in 1992, is Countrywide's affordable and fair lending program. In addition to the program's educational outreach to low- and moderate-income and minority communities, Countrywide's House America Counseling Center provides no cost telephone counseling for prospective home buyers. Countrywide has also defined aggressive goals to help more underserved Americans purchase homes. In 1998, Countrywide announced its We House America campaign, a five-year commitment to originate $50 billion to minority and lower-income families and communities. In 2001, the company continued this commitment by announcing a new five-year, One Hundred Billion Dollar Challenge. The One Hundred Billion Dollar Challenge, met three years early and exceeded by $15 billion, was expanded in February 2003 to provide $600 billion in home loans to under-served Americans by the end of the decade. In January 2005, Countrywide expanded its commitment to closing the homeownership gap for minority and lower-income families and communities with the $1Trillion We House America Challenge. The $1 trillion commitment expands on The Six Hundred Billion Dollar Challenge announced in 2003, which had reached $341 billion by the end of 2004. The goal of the $1 Trillion We House America Challenge is to fund $1 trillion in home loans to minorities and lower-income borrowers, and to borrowers in lower-income communities, between 2001 and 2010.

The Full Spectrum Lending Division, a division of Countrywide Bank, FSB, specializes in helping homeowners get cash, consolidate their bills, lower their monthly payment, or reduce their interest rate by refinancing their mortgage or securing a home equity loan. Even when consumers feel their credit is less than perfect, many are able to qualify for a prime loan with Full Spectrum Lending. The Full Spectrum Lending website, www.fullspectrumlending.com, has an array of homeowner-friendly features such as home loan comparison guides, audio podcasts, mortgage calculators and much more. Our website reflects our belief that the home loan process should be as simple and convenient as possible.