FACTBOX: Countrywide Financial at a glance
(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 Continued...


