companiesandmarkets.com

Return to Report | Print

Premium Company Profile - Countrywide Financial Corporation

http://www.companiesandmarkets.com/Summary-Company-Profile/premium-company-profile-countrywide-financial-corporation-33701.asp

Report Summary

Introduction

Countrywide Financial Corporation (Countrywide Financial or ‘the company’) offers real estate finance and related activities in the US. The company signed an agreement to be acquired by Bank of America in 2008. This profile offers a comprehensive review of the company’s operations and performance.

Scope

  • Contains corporate strategy, value chain presence and SWOT Analysis
  • Provides detailed business description, segment analysis, 5-year financial trends, key products and key competitors
  • Includes information on suppliers/ partners, shareholding structure and key employees with biographies


    • Highlights

    Countrywide Financial is one of the largest independent residential mortgage lending firms in the US. The company has been focusing on diversifying its revenue stream for some years. It started its banking segment after the acquisition of Treasury Bank in 2001.

    Countrywide Financial has considerable exposure to the subprime home loan market. The company already recorded a net loss of more than $1 billion in the third quarter of 2007. Provision for loan losses reached almost $1 billion in the third quarter of 2007, as compared to less than $40 million in the third quarter of 2006.

    The company has responded decisively and taken adequate steps to address the current challenging mortgage market environment. In the third quarter of 2007, the company significantly tightened its loan program and underwriting guidelines, and began the process of right-sizing its operations.

    Reasons to Purchase

  • Access all the important information and analysis on the company in a single report
  • Understand company’s strengths, weaknesses, opportunities and threats along with business strategy and value chain
  • Gain access to company’s adjusted five year financial data along with key ratios and market capitalization

    • Table of Contents

    Overview 1
    Catalyst 1
    Summary 1
    Table of Contents 2
    Tables 3
    Company Structure 4
    Company Overview and Key Facts 4
    Business Description 4
    Overview 4
    Mortgage banking 5
    Banking 6
    Insurance 6
    Capital markets 7
    Global operations 7
    History 7
    Company Locations and Subsidiaries 9
    Head Office 9
    Other Locations and Subsidiaries 9
    Company Financials 11
    Overview 11
    Revenue by Division 11
    Products and Services List 12
    Major Products and Services 12
    Competitors and Strategic Business Relationships 13
    Top Competitors 13
    Shareholding Structure 13
    Strategy 15
    Mission 15
    Company View 15
    Strategy 18
    Overview 18
    Alliances with home builders 18
    Cost control 18
    Acquisition of CCM 18
    Acquisition of HomeBanc 18
    Diversification 19
    Corporate Social Responsibility 19
    Overview 19
    SWOT Analysis 21
    Overview 21
    Strengths 21
    Strong growth in banking operations 21
    Leverage the mortgage banking segment 22
    Affordable and multicultural home loan programs 22
    Strong liquidity and capital ratios 22
    Weaknesses 23
    High exposure to subprime loans 23
    Increasing cost to income ratio 23
    Lower returns 23
    Opportunities 25
    Diversification 25
    Right-sizing the business model 25
    Growth in the US commercial banking 25
    Positive outlook for the insurance sector 26
    Threats 26
    Volatility in financial markets 26
    Hostile mortgage market in the US 26
    Catastrophic losses and mounting expenses 27
    Key Employees 28
    List of Key Employees 28
    Key Employee Biographies 28
    Angelo R. Mozilo 28
    David Sambol 29
    Jeffrey M. Cunningham 29
    Robert J. Donato 30
    Martin R. Melone 30
    Robert T. Parry 31
    Oscar P. Robertson 31
    Keith P. Russell 31
    Harley W. Snyder 32
    Kevin Bartlett 32
    Carlos M. Garcia 33
    Andrew Drew Gissinger 33
    Ranjit M. Kripalani 33
    Sandor E. Samuels 34
    Jack Schakett 34
    Eric P. Sieracki 34
    Financial and Operational Overview 36
    Financial Overview 36
    Appendix 39
    Ask the analyst 39
    Datamonitor consulting 39
    Disclaimer 39
    List of Tables
    Table 1: Countrywide Financial Corporation - Key Facts 4
    Table 2: Countrywide Financial Corporation - Other Locations and Subsidiaries 9
    Table 3: Countrywide Financial Corporation - Revenue by Division, 2005-2006 ($ Mn) 11
    Table 4: Countrywide Financial Corporation - Products and Services List 12
    Table 5: Countrywide Financial Corporation - Top Competitors 13
    Table 6: Countrywide Financial Corporation - Key Shareholders 13
    Table 7: Countrywide Financial Corporation - SWOT Analysis Summary 21
    Table 8: Countrywide Financial Corporation - Key Employees 28
    Table 9: Countrywide Financial Corporation - Financial Statements Summary 36
    Table 10: Countrywide Financial Corporation - Other Key Statistics and Ratios 36
    Table 11: Countrywide Financial Corporation - Overview of Operating Segments 37