Dear Business Partner: Yesterday, rumors circulated about Countrywide's financial condition that caused concern among our Business Partners and employees. While our policy is that we typically do not comment on rumors, yesterday's unique circumstances led to Countrywide issuing the below statement that I wanted to share with you right away:
"There is no substance to the rumor that Countrywide is planning to file for bankruptcy, and we are not aware of any basis for the rumor that any of the major rating agencies are contemplating negative action relative to the Company."In addition, the Company will host a live management discussion of the results for the 2007 fourth quarter and full year on Tuesday, January 29, at 12:00 p.m. (EST). On behalf of the entire Countrywide®, America's Wholesale Lender® team, I want to extend our appreciation for your ongoing support during these challenging market conditions. As always, thank you for your business. Todd A. Dal Porto Senior Managing Director and President Countrywide, America's Wholesale Lender
