Calabasas, Calif. (Vocus) October 2, 2007
Countrywide Monetary Corporation (NYSE: CFC), these days announced that David Sambol, President and Chief Operating Officer, has been appointed to its board of directors.

“Mr. Sambol will make a tremendous contribution to our board,” mentioned Harley Snyder, president of HSC, Inc. and Countrywide’s lead director. “Dave’s confirmed leadership talent, extensive understanding of the Organization and unparalleled expertise in all elements of the mortgage industry will be invaluable to the Board.”

A 22-year veteran of Countrywide, Mr. Sambol was appointed President and Chief Operating Officer in 2006. In addition to overseeing all operations of the Company, Mr. Sambol’s responsibilities currently consist of leadership of corporate operational and assistance units. Mr. Sambol also serves as a member of management’s Executive Committee.

“Dave has been a driving force behind Countrywide’s lengthy-term growth over the years,” mentioned Angelo R. Mozilo, Countrywide Chairman and Chief Executive Officer. “He has demonstrated the several qualities needed of a planet-class leader throughout challenging market situations and he has proven his capacity to execute methods that position us for future growth and continued industry leadership.”

Mr. Sambol has been instrumental in developing the Company’s principal mortgage originations and servicing operation. He also established Countrywide Capital Markets, and served as its President and Chief Executive Officer. Below his path, CCM became one particular of the nation’s leading fixed-income securities firms.

Earlier in his tenure at Countrywide, Mr. Sambol served as Executive Managing Director of Business Segment Operations, and has led all revenue creating functions of the Business. He has also had oversight duty for Countrywide Bank, Countrywide Insurance Group, and Countrywide’s Worldwide Operations. Mr. Sambol started his profession with the Company as a director of internal audit. Prior to joining Countrywide, Mr. Sambol served as a Certified Public Accountant with the accounting firm of Ernst & Whinney.

About Countrywide:
Founded in 1969, Countrywide Economic Corporation is a diversified economic solutions provider and a member of the S&P 500, Forbes 2000 and Fortune 500. By means of its household of firms, Countrywide originates, purchases, securitizes, sells, and services residential and industrial loans offers loan closing solutions such as credit reports, appraisals and flood determinations provides banking solutions which incorporate depository and house loan products conducts fixed income securities underwriting and trading activities gives house, life and casualty insurance coverage and manages a captive mortgage reinsurance organization. For far more data about the Business, go to Countrywide’s web site at http://www.countrywide.com.

This Press Release includes forward-hunting statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding management’s beliefs, estimates, projections, and assumptions with respect to, amongst other issues, the Company’s future operations, organization plans and methods, as effectively as market and market situations, all of which are topic to alter. Actual outcomes and operations for any future period might vary materially from those projected herein and from past results discussed herein. Variables which could trigger actual results to differ materially from historical outcomes or these anticipated consist of, but are not restricted to: elevated price of debt lowered access to corporate debt markets unforeseen money or capital requirements a reduction in secondary mortgage industry investor demand enhanced credit losses due to downward trends in the economy and in the genuine estate market increases in the delinquency rates of borrowers competitive and basic economic circumstances in every single of our company segments such as slower or adverse home price appreciation changes in general company, economic, market place and political circumstances in the United States and abroad from those expected reduction in government help of homeownership the level and volatility of interest prices modifications in interest price paths adjustments in debt ratings modifications in normally accepted accounting principles or in the legal, regulatory and legislative environments in which Countrywide operates the judgments and assumptions created by management concerning accounting estimates and related matters the potential of management to properly implement the Company’s methods and other dangers noted in documents filed by the Business with the Securities and Exchange Commission from time to time. Words like “think,” “count on,” “anticipate,” “promise,” “strategy,” and other expressions or words of related meanings, as effectively as future or conditional verbs such as “will,” “would,” “need to,” “could,” or “may” are normally intended to determine forward-seeking statements. The Firm undertakes no obligation to publicly update or revise any forward-hunting statements or any other details contained herein.

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