CALABASAS, CA (May 7, 2007) In a strategic initiative to grow its personal lines, home warranty, life insurance and commercial lines brokerage business, Countrywide Insurance Group today announced that insurance industry veteran Steve Cardinal has joined the organization as President and Chief Operating Officer of Countrywide Insurance Services.

As a member of Countrywide Insurance Group's executive team, Cardinal will oversee all aspects of Countrywide Insurance Services-a full-service agency that offers homeowners, auto insurance, renters, personal umbrella, and life insurance products to consumers and makes available a wide variety of commercial insurance products and services to businesses.

Cardinal will spearhead new efforts to hire agents in branches and call centers in an agency expansion that will ultimately provide value to Countrywide's home loan customer base and expand access to Countrywide Insurance Group's products and services to businesses and general consumers across the country. He will work closely with his colleagues in Countrywide Insurance Group to align agency resources with business objectives and with other Countrywide business segments on cross-sell strategies.

"Steve has the ideal combination of skill, talent and experience to ensure our growth initiatives will succeed," said Bob James, President and Chief Executive Officer of Countrywide Insurance Group. "His high-level executive leadership and focus, coupled with Countrywide's strong brand and geographical presence, will help us expand our insurance business significantly."

Prior to joining Countrywide Insurance Group, Cardinal served as Regional Distribution Leader for the southwestern U.S. for Allstate Insurance Company, where he led a region that included 3,000 insurance professionals and 120 financial services agents. He brings 16 years of successful agency sales and agency management experience, having served in several sales and leadership positions at MetLife, as well as Allstate.

Countrywide Insurance Group has grown its business from $449 million in net earned premiums earned in 1995 to $948 million in 2006. In addition to offering a full array of personal and commercial lines programs, it has recently expanded its executive team, launched a new auto insurance product that is currently being introduced on state-by-state basis throughout 2007, launched a national home warranty program, and has recently entered the affluent homeowners insurance business.

About Countrywide Insurance Group
Countrywide Insurance Group (CIG) makes available a wide variety of institutional, commercial, and personal lines insurance and affiliated products to financial institutions, businesses, and consumers. CIG companies have demonstrated a commitment to policyholders and business partners for decades and provide a strong foundation for the delivery of new products through financial institutions, independent producers, and a full-service agency and commercial brokerage.

Unit emphasizes operational excellence as it expands

CALABASAS, CA (April 9, 2007) Countrywide Insurance Group, a member of the Countrywide Financial Corporation (NYSE: CFC) family of companies, today announced that Myron Hendry has been named Managing Director and Chief Operating Officer of Countrywide Insurance Group.

Hendry will be tasked with ensuring that Countrywide Insurance Group has the world class infrastructure, customer support and corporate governance to support the aggressive growth plans of Countrywide's insurance subsidiary which has grown its insurance business from $449 million in net premiums earned in 1995 to $948 million in 2006.

He will be responsible for supporting growth enabled by key initiatives for Countrywide Insurance Group, such as the nationwide expansion of its new auto insurance program and the availability of its new home warranty product-two initiatives that are natural extensions of its existing homeowners insurance business and, as a suite of offerings, address the insurance needs of its parent company's home loan customers.

Hendry will also continue to develop operational efficiencies that allow its lender-placed division to offer innovative property and auto programs that protect lenders from losses in their auto and home mortgage portfolios and support its commercial insurance division's strategy of supporting their clients with national, world-class resources that benefit businesses and the programs they offer to employees.

"Myron's experience in building organizations and developing dynamic teams will help us establish a stronger customer centric and scalable insurance organization, said Bob James, President and Chief Executive Officer of Countrywide Insurance Group. As we continue our aggressive growth plans, Myron will work closely with insurance group executives Ron Closser, Mark McElroy, and Dave Kuhn to help them grow their successful lender-placed insurance, personal lines insurance, and commercial lines production businesses efficiently and effectively."

Prior to this appointment, Hendry was responsible for overseeing Countrywide Insurance Group's central operations, claims and information technology. He has more than three decades of experience in the insurance industry and an extensive background in multiple lines of business, such as personal, commercial, life, health and accident insurance. He also has held senior management positions and worldwide responsibility at some of the industry's most-respected insurance companies, including Safeco and CNA Financial Corporation.

About Countrywide Insurance Group
Countrywide Insurance Group (CIG) makes available a wide variety of institutional, commercial, and personal lines insurance products to financial institutions, businesses, and consumers. CIG companies have demonstrated a commitment to policyholders and business partners for decades and provide a strong foundation for the delivery of new products through financial institutions, independent producers, and a full-service agency and commercial brokerage.