Countrywide, trading under the symbol CYWDF on the OTC Markets, is a residential mortgage originator and servicer specializing in home financing solutions across the United States. The company’s primary operations include the origination of fixed- and adjustable-rate mortgage loans, jumbo and nonconforming loan products, and home equity lines of credit. With an integrated platform for loan servicing, Countrywide manages a substantial portfolio of mortgage assets, handling billing, customer service, collections, and loss mitigation for borrowers nationwide.
In addition to loan origination and servicing, Countrywide is active in secondary market operations, packaging mortgage loans into securitization vehicles and selling mortgage-backed securities to institutional investors. Through its network of retail branches and correspondent lending channels, the firm offers customized financing for first-time homebuyers, move-up purchasers, and real estate investors. Ancillary services such as title insurance, appraisal management, and real estate-owned asset disposition support the company’s comprehensive mortgage lifecycle model.
Founded in 1969 in Anaheim, California by Angelo Mozilo and David Loeb, Countrywide grew to become one of the largest mortgage lenders in the United States by the early 2000s, expanding its footprint to over 1,000 retail branches and more than 10,000 employees. In 2008, the firm was acquired by Bank of America, and following the integration of its core mortgage operations, the remaining entity continued trading on the OTC Markets under the CYWDF ticker to manage residual claims and liabilities. Despite changes to its corporate structure, Countrywide’s legacy in mortgage finance endures through the servicing of legacy loan portfolios.
The company’s leadership has historically included executives with deep expertise in housing finance, risk management, and structured finance. Countrywide’s board and management team emphasize governance practices aimed at compliance, operational efficiency, and customer service standards. With a focus on legacy asset resolution and litigation management, the OTC-listed entity operates under stringent regulatory oversight and maintains a lean organizational structure headquartered in Calabasas, California.
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