A U.S. Army soldier from 3/1 AD Task Force Bulldog uses his night vision equipment before an early morning joint patrol with Afghan National Army (ANA) soldiers in a village in Kherwar district in Logar province, eastern Afghanistan, May 22, 2012. REUTERS/Danish Siddiqui

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A cross is seen in Joplin, Missouri May 17, 2012. May 22 marks the one year anniversary of a deadly EF-5 tornado that ripped through the town, killing 161 people. The tornado damaged or destroyed about 7,500 homes and 500 other buildings, but the city is now well into a recovery mode that has spurred some segments of the local economy. REUTERS/Eric Thayer (UNITED STATES - Tags: DISASTER ENVIRONMENT RELIGION)

Joplin, one year after

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FACTBOX: Countrywide Financial at a glance

Fri Jan 11, 2008 4:43pm EST

(Reuters) - Countrywide Financial Corp CFC.N agreed on Friday to be purchased by Bank of America (BAC.N) for $4 billion. The mortgage lender, battered by the subprime crisis, had a market value of $26 billion less than a year ago.

The following are selected facts about the largest U.S. mortgage lender.

COMPANY

Founded: 1969 by David Loeb and Angelo Mozilo, both New Yorkers, as Countrywide Credit Industries. Went public the same year. Changed name to Countrywide Financial Corp in 2002.

Headquarters: Calabasas, California

Chairman and Chief Executive: Angelo Mozilo

President and Chief Operating Officer: David Sambol

Major business operations: mortgage banking, Countrywide Bank, capital markets, insurance

Employees: 50,600 (following about 11,000 job cuts in 2007)

Countrywide Bank assets: $101 billion as of September 30

FINANCIAL AND LENDING INFORMATION

EARNINGS

2006 net income: $2.67 billion

2006 net income per share: $4.30

2007 third-quarter net loss: $1.2 billion

2007 third-quarter net loss per share: $2.85

DEPOSITS: $61 billion

LOAN DATA

2006 mortgage lending: $462.5 billion

2007 mortgage lending: $408.2 billion

LOAN SERVICING DATA

Servicing portfolio: $1.48 trillion

Loans serviced: 9.03 million

Delinquencies rate on unpaid balances: 7.2 percent in December versus 4.6 percent a year ago

Foreclosure rate: 1.44 percent in December versus 0.7 percent a year ago.

Mortgage loans funded: $23.4 billion in December versus $41.7 billion a year ago.

Subprime loans funded: $600 million in December versus $3.74 billion a year ago.

Sources: Countrywide December operational results, regulatory filings

(Reporting by Ed Leefeldt and Jonathan Stempel)

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