| Business Summary | | Countrywide
Credit
Industries,
Inc.
is
a
holding
company
that,
through
its
principal
subsidiary,
Countrywide
Home
Loans,
Inc.,
is
engaged
primarily
in
the
mortgage
banking
business
and,
as
such,
originates,
purchases,
sells
and
services
mortgage
loans.
The
Company's
mortgage
loans
are
principally
prime
credit-quality
first-lien
mortgage
loans
secured
by
single
one-
to
four-family
residences.
The
Company
also
offers
home
equity
loans,
both
in
conjunction
with
newly
produced
prime
credit-quality
first
mortgages,
and
as
a
separate
product.
In
addition,
the
Company
offers
sub-prime
credit-quality
first-lien
single-family
mortgage
loans
(sub-prime
loans).
The
Company,
through
its
other
wholly
owned
subsidiaries,
offers
products
and
services
complementary
to
its
mortgage
banking
business.
Countrywide
Securities
Corporation,
the
Company's
indirectly
wholly
owned
broker-dealer,
competes
with
large,
global
investment
banks,
as
well
as
smaller,
regional
broker-dealers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CCR
is
a
holding
Co.
which,
through
its
principal
subsidiary,
Countrywide
Home
Loans,
Inc.,
engages
primarily
in
the
mortgage
banking
business,
and
as
such
originates,
purchases,
sells
and
services
mortgage
loans.
For
the
three
months
ended
5/31/01,
total
revenues
increased
44%
to
$684.5
million.
Net
income
increased
47%
to
$123.1
million.
Results
reflect
increased
loan
servicing
revenues
and
decreased
marketing
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Angelo Mozilo, 61 Chairman
and CEO | $6.1M | -- | Carlos Garcia, 44 Managing
Director, Fin., CFO and Chief Accounting Officer | 781K | $3.6M | Stanford Kurland, 47 Sr.
Managing Director and COO | 2.0M | -- | Sandor Samuels, 47 Managing
Director, Legal, Gen. Counsel and Sec. | -- | -- | Kevin Bartlett, 42 Managing
Director, Secondary Marketing | -- | -- | Dollar
amounts are as of 29-Feb-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|