Countrywide Launches Auto Insurance in Colorado

Denver, CO, Nov 27, 2006 - Countrywide Financial Corporation (NYSE:CFC) - America's #1 home loan lender*-today announced that Countrywide Insurance Group's widely-anticipated auto insurance product is now available to consumers in the state of Colorado.

Colorado residents can now obtain an auto insurance quote from Countrywide Insurance Services, Inc. by calling a licensed auto insurance agent at (800) 669-6656. Residents can learn more about home warranty, homeowners, renters, and term life insurance products through these same licensed insurance agents or by visiting any Colorado financial center.

In addition to sophisticated rating technology that could potentially bring Colorado consumers better coverage and pricing than they can secure with their existing carriers, Countrywide is also offering discounts to current Countrywide customers that could potentially save them as much as 23% off of regular rates.

"In addition to helping Americans realize the dream of home ownership, Countrywide helps protect that dream through a wide variety of insurance offerings," said Bob James, president and chief executive officer of Countrywide Insurance Group. "Introducing our own auto insurance product allows us to tailor our offering to meet insurance needs that customers have shared with us. We believe that this knowledge, along with our A.M. Best "A" rating** and Countrywide's strong brand and established physical presence in Colorado, will help us attract new customers as well."

Countrywide Insurance Group will introduce the new auto insurance product in up to 25 additional states by the end of 2007.

Countrywide Insurance Services has helped a half million customers secure the right insurance products to protect their homes, apartments, cars, and other valuables for more than 35 years.

About Countrywide Insurance GroupCountrywide 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.

* America's #1 home loan lender as ranked for 2005 by Inside Mortgage Finance (Jan. 27, 2006), Copyright 2006.

**Property and casualty insurance companies of the Countrywide Insurance Group (also known as Balboa Insurance Group) are rated "A" (Excellent) by A.M. Best Company, an insurance rating and information service. An "A" rating represents A.M. Best's opinion that the underwriter has an excellent ability to meet ongoing obligations to policyholders.
For more information, visit http://insurance.countrywide.com.