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Financial Services Provider Countrywide Offers Online Mortgage Tool in Spanish

Calabasas, CA (Vocus) July 10, 2007 -- Countrywide Financial Corporation (NYSE: CFC), America?s #1 lender to minorities, and a member of the S&P 500, today announced the launch of www.MiHogarCountrywide.com, the Spanish-language version of the Company?s Home Ownership Mortgage Education program (H.O.M.E.), www.HomeByCountrywide.com. At www.MiHogarCountrywide.com, Spanish-speaking consumers have a comprehensive online reference tool, providing consumers with information on all aspects of home ownership---from basic personal financial services to living as a homeowner.

?Countrywide?s overarching mission is to lower the barriers to home ownership so that people from all walks of life can both realize the American dream and sustain home ownership once they have achieved it,? said Countrywide Chairman and CEO Angelo R. Mozilo. ?For many, a primary barrier remains a lack of understanding of the mortgage process and life as a homeowner. This barrier can be particularly strong for individuals whose primary language is not English. We are very proud to offer consumers who prefer Spanish-language resources this valuable tool that addresses specific questions and helps people fully prepare themselves as they begin the home-buying process.?

Providing a no-cost, no-obligation experience, the Spanish-language H.O.M.E. Web site (www.MiHogarCountrywide.com ) offers an interactive learning center which includes comprehensive coverage of five topics: Basic Finance, How Credit Affects You, Preparing for Home Ownership, Steps for Buying a Home, and Life as a Homeowner.

All of the H.O.M.E. Web site features available in English have been reproduced in the Spanish version at (www.MiHogarCountrywide.com ), including:

* Extensive tools and resources, including downloadable checklists, worksheets and quizzes that assist home buyers and new homeowners

* A comprehensive glossary that provides easy-to-understand definitions of hundreds of terms commonly used in the home loan and home-buying process

?Countrywide has long been a champion of measures intended to close the home ownership gap experienced by low- to moderate-income households, members of minority population segments, and residents in communities traditionally underserved by the financial services industries,? Mozilo added. ?The MiHogar program serves as a valuable component in the Company?s ongoing efforts to address both consumer education as well as the home ownership gap.?

Portions of the H.O.M.E. program have been produced in cooperation with the National Foundation for Credit Counseling (NFCC) and are based in part on the NFCC publication ?Keys to Home Ownership,? © National Foundation for Credit Counseling.

About Countrywide Financial Corporation

Founded in 1969, Countrywide Financial Corporation (NYSE: CFC) ? America?s #1 home loan lender to minorities? (based on 2005 HMDA data), is a member of the S&P 500 and Fortune 500. Countrywide is a diversified financial services firm primarily focused on real estate finance and related activities. Through its family of companies, Countrywide provides mortgage banking, capital markets, global operations and insurance, in domestic and international markets. The company is headquartered in Calabasas, California and has a workforce of more than 50,000 with over 900 offices. For more information about the company, visit Countrywide?s Web site at http://www.countrywide.com

About The National Foundation for Credit Counseling (NFCC)

Knowing the Difference Can Make All the Difference

Founded in 1951, the NFCC is the nation?s largest and longest serving national nonprofit credit counseling organization. The NFCC?s mission is to set the national standard for quality credit counseling, debt reduction services, and education for financial wellness, through its member agencies. With nearly 1,000 community-based offices nationwide, NFCC members help two million consumers annually. For free and affordable confidential housing advice through an NFCC member, call 1-866-845-2227 or visit www.nfcc.org

For media inquiries:                     

800-796-8448

pressroom @ countrywide.com

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