First Trade Date for Countrywide Financial Corporation
| Company Name | First Trade Date (yyyy-mm-dd) |
| Countrywide Financial Corporation | 2002-11-13 |
| Company Name | Symbol |
| Countrywide Financial Corporation | CFC |
| History and Business of Company (this information may include date of incorporation) | |
|
Countrywide Financial Corporation (the "Company," "Countrywide" or "CFC") is a holding company, which through its subsidiaries is engaged primarily in the residential mortgage banking business, as well as in other financial services that are in large part related to the residential mortgage market. As described herein, the Company's activities are grouped into five distinct business segments. Unless the context otherwise requires, references to the "Company," "CFC" or "Countrywide" herein refer to the Company and its consolidated subsidiaries. Mortgage Banking Segment. Primarily through its principal subsidiary, Countrywide Home Loans, Inc. ("CHL"), the Company engages in the residential mortgage banking business, which entails the origination, purchase, sale (typically through securitization) and servicing of residential mortgage loans. The residential mortgage loans offered by the Company include prime and subprime credit mortgage loans secured by single- (one-to-four) family residences and prime home equity lines of credit. The Mortgage Banking Segment serves consumers and institutions, nationwide. Capital Markets Segment. The Company operates an institutional broker-dealer that specializes in the mortgage-backed securities market. The Company's activities therein consist primarily of trading and underwriting mortgage-backed securities. Insurance Segment. The Company offers property and casualty insurance (homeowners' and auto), as well as life and disability insurance, both as an underwriter and as an independent agent. The Company specializes in underwriting lender-placed property and casualty insurance. The Company also provides reinsurance coverage to primary mortgage insurance carriers. Banking Segment. The Company operates a nationally-chartered bank that primarily invests in residential mortgage loans and prime home equity lines of credit sourced through the Company's mortgage banking operation. The Company also provides short-term secured (mortgage warehouse) financing to other mortgage lenders. Global Segment. Through a majority-owned joint venture with the Barclays PLC, the Company offers residential mortgage loan application processing and servicing on behalf of financial institutions in the United Kingdom. Each of the Company's five business segments is more fully described in the "Company Segments" section of this Report. Website Access The Company has a website located at www.countrywide.com and makes its annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K and all amendments to these reports available, free of charge on the website, as soon as reasonably practicable after such material is electronically filed with, or furnished to, the Securities and Exchange Commission. | |
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