Today, Countrywide Financial meets the needs of consumers and business clients through our core business - mortgage banking - while also offering products and services from our growing synergistic business segments, which include Banking, Insurance, Capital Markets, Loan Closing Services and Global Operations.

Our principal subsidiary, Countrywide Home Loans, is experiencing substantial market share growth in home loan originations and the company's loan servicing portfolio now exceeds $1 trillion. This strong performance in our core business increases Countrywides earnings power. As a diversified financial services company, Countrywide broadens its earnings mix from other businesses, delivering shareholder value and providing customers with a broad array of financial solutions.

At Countrywide, we're ever mindful that our performance and reputation are predicated on our devotion and determination to achieve total customer satisfaction in all of our activities. From our home loan sales team to our insurance operations, we strive for the highest possible levels of satisfaction among customers, business partners, shareholders and employees.

Among the many ways we ensure satisfaction is through our commitment to a diverse workforce. Our business practices are based on respect, ethics and responsibility. One example of this commitment is our Multicultural Markets initiative. The overall goals of this initiative are to build trust, strengthen relationships, increase Countrywide's strong brand recognition, continue to diversify the company's workforce, and increase the number of home loans we provide to African Americans, Asians and Hispanics.

Complementing the Multicultural Markets initiative is Countrywide's One Trillion Dollar Challenge, our campaign to fund $1 Trillion in home loans to minorities and to borrowers in lower-income communities, between 2001 and 2010. As a mortgage lender, we are determined to play a critical role in ensuring that the dream of homeownership is attainable to everyone. Homeownership creates wealth and enables individuals and families to prosper, while playing a vital role in the health of our country's economy.

Thank you for visiting the Countrywide Financial Web site. We are eager to serve your needs and count you among our satisfied customers.

Sincerely,
Angelo R. Mozilo
Chairman and CEO
Countrywide Financial Corporation