
All About Countrywide Mortgage
The Countrywide was founded in 1969 as Countrywide Credit Industries. At that time, Home Loans was called Countrywide Funding Corporation. Since its inception, Countrywide's mortgage banking business has grown significantly to the point where they are now the number one mortgage banker in the United States .
Countrywide has changed itself as a diversified financial services company with operations in banking, capital markets, insurance, loan closing services, and more. It has expanded its business, and changed its name to Countrywide Financial Corporation in 2002.
Recent recognition received by Countrywide Mortgage Financial includes:
* Fortune: ranked second in mortgage services among "America's Most Admired Companies"
* Fortune: ranked 122nd on the "Fortune 500"
* Barrons: ranked 162nd on the "Barrons 500"
* Forbes: ranked 163rd on the "Forbes Global 200
Financial Corporation is a financial service company which works primarily on residential mortgage banking and related businesses. It mainly concentrates on five areas:
1.Mortgage Banking : It originates, purchases, securitizes, and services mortgages;
2. Capital Markets: It operates as an institutional broker-dealer that primarily specializes in trading and underwriting mortgage-backed securities; 3.Insurance: It offers property, casualty, life and credit insurance as an underwriter and as an independent agent;
4.Banking: It operates a federally chartered bank that primarily invests in mortgage loans and home equity lines of credit primarily sourced through its mortgage banking operation;
5.Global Operations:It provides mortgage loan application processing and loan servicing. During the year ended December 31, 2005, the Mortgage