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- Stock symbol: CFC (NYSE)
- Annual revenue (2007): $25.11 billion
- Founders: David Loeb, Angelo Mozilo
- Year established: 1969
- Industry: Finance
- Phone: (818) 225-3000
- Fax: (818) 225-4051
- HQ: Calabasas, California
- Staff (2007): 50,600
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Countrywide Financial Corp. was bought by Bank of America in 2008.
On March 8, 2008, government officials revealed the company was undergoing criminal investigation for securities fraud. In October 2008, it was revealed that the company is also under investigation for offering preferential treatment to selected customers, known as Friends of Angelo after former CEO Angelo Mozilo.KOAA.com: Feds probe Countrywide's 'V.I.P.' program (October 30, 2008)
Key Dates
- March, 1969: Countrywide Credit Industries is founded
- September, 1969: Countrywide goes public
- 1974: First retail Countrywide office opens in California
- 1980: Countrywide has branches in 40 locations
- 1985: Stock ticker CCR listed on New York Stock Exchange, Forbes calls it one of the 200 Best Small Companies
- 1991: Countrywide becomes number one mortgage lender
- 2002: Renamed Countrywide Financial Corporation (CFC)
- 2008: Bank of America purchases Countrywide
- 2008: Undergoes criminal fraud investigation
Countrywide Investigation
In March 2008, media revealed that federal authorities had started an investigation of securities fraud at Countrywide. In October 2008, it was revealed that the investigation had expanded to the preferential treatment selected customers allegedly received at Countrywide. The "VIP" customers, nicknamed "Friends of Angelo'" after former CEO Angelo Mozilo, allegedly received discounts on interest rates and other benefits. Friends of Angelo included former Fannie Mae CEO Franklin Raines and senators Christopher Dodd and Kent Conrad.MSNBC: Feds Probe Countrywide's 'VIP' program (October 30, 2008)-
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Countrywide Financial Corp. on Amazon
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Countrywide's servicing portfolio hits $747 billion.(Business Alert)(Countrywide Financial Corp.): An article from: Mortgage Banking - $5.95
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on September 1, 2004. The length of the article is 602 words. The pa...Amazon
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Countrywide reports 4Q and year-end results.(Business Alert)(Countrywide Financial Corp.): An article from: Mortgage Banking - $5.95
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on March 1, 2005. The length of the article is 804 words. The page l...Amazon
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Countrywide ends plans to grow in state.(Countrywide Financial Corp.): An article from: San Fernando Valley Business Journal - $5.95
This digital document is an article from San Fernando Valley Business Journal, published by CBJ, L.P. on March 3, 2003. The length of the article is 1021 words. The page length sho...Amazon
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Countrywide prepares for end of refinancing craze. (Investments & Finance).(Countrywide Financial Corp.; includes financial tables): An article from: San Fernando Valley Business Journal - $5.95
This digital document is an article from San Fernando Valley Business Journal, published by CBJ, L.P. on December 23, 2002. The length of the article is 816 words. The page length ...Amazon
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Countrywide Financial Corp. Questions
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