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<TITLE>Countrywide Financial Corporation</TITLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>As filed with the Securities and Exchange Commission on March&nbsp;24, 2008</B></DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 0pt">Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</DIV>


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<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
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<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
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<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT<BR>
UNDER<BR>
THE SECURITIES ACT OF 1933</B>
</DIV>

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<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>COUNTRYWIDE FINANCIAL COPORATION</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


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    <TD align="center" valign="top">Delaware<BR>
(State or other jurisdiction of <BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-2641992<BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD align="center" valign="top">4500 Park Granada <BR>
Calabasas, CA<BR>
(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><BR>91302<BR>
(Zip Code)</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Countrywide Financial Corporation<BR>
401(k) Savings and Investment Plan<BR>
(as amended and restated effective January&nbsp;1, 2007)</B><BR>
(Full title of the plan)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Sandor E. Samuels, Executive Managing Director and Chief Legal Officer<BR>
4500 Park Granada<BR>
Calabasas, CA 91302<BR>
(Name and Address of Agent For Service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">(818)&nbsp;225-3505<BR>
(Telephone number, including area code, of agent for service)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#147;large
accelerated filer,&#148; &#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule&nbsp;12b-2 of the
Exchange Act. (Check one):
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    <TD align="left" valign="top">Large accelerated filer <FONT face="Wingdings">&#120;</FONT>
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    <TD align="right" valign="top">Accelerated filer <FONT face="Wingdings">&#111;</FONT></TD>
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    <TD align="left" valign="top">Non-accelerated filer <FONT face="Wingdings">&#111;</FONT><BR>
(Do not check if a smaller reporting company)
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    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Smaller reporting company <FONT face="Wingdings">&#111;</FONT></TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

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    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="left" colspan="21" style="border-bottom: 3px double #000000">&nbsp;</TD>
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    <TD>&nbsp;</TD>
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    <TD nowrap align="center" colspan="3"><B>Proposed Maximum</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
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    <TD nowrap align="center"><B>Title of Securities</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Shares to</B></TD>
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    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price Per</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maximum Aggregate</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="center"><B>to be Registered</B></TD>
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    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>be Registered</B></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Share</B><SUP style="font-size: 85%; vertical-align: text-top">2</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price</B><SUP style="font-size: 85%; vertical-align: text-top">3</SUP></TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration Fee</B></TD>
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                    <TD style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock, par
value $.05 per
share <SUP style="font-size: 85%; vertical-align: text-top">1</SUP></DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD colspan="3" align="center" style="border-top: 2px solid #000000">8,000,000 shares</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$4.23</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$33,840,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="center" style="border-top: 2px solid #000000">$1,330</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
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    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">1</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>Includes the rights associated with the Registrant&#146;s Common Stock.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left"><SUP style="font-size: 85%; vertical-align: text-top">2/3</SUP></TD>
    <TD>&nbsp;</TD>
    <TD>In accordance with Rule 457(h) under the Securities Act of 1933, the offering price
has been calculated on the basis of the average of the high and low prices for the Registrant&#146;s
Common Stock as reported by the New York Stock Exchange on March&nbsp;17, 2008.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Note: In addition, pursuant to Rule 416(c) of the Securities Act of 1933, the registration
statement covers an indeterminate amount of interests to be offered or sold pursuant to the
employee benefit plan described herein.
</DIV>


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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Pursuant to general instruction E to Form&nbsp;S-8 under the Securities Act of 1933, as amended,
this Registration Statement on Form&nbsp;S-8 relates to the registration of an additional 8,000,000
shares of the Registrant&#146;s Common Stock.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The contents of the Registrant&#146;s following registration statements are incorporated by reference
herein:
</DIV>


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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Registration Statement on Form S-8 (File No.&nbsp;333-142887) filed with the
Securities and Exchange Commission (the &#147;SEC&#148;) on May&nbsp;11, 2007 (other than with respect to
Part&nbsp;II, Item&nbsp;8, the signature page and the Exhibit&nbsp;Index); and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Registration Statement and Post-Effective Amendment No.&nbsp;1 to Registration Statement on
Form S-8 (File No.&nbsp;333-73089) filed with the SEC on March&nbsp;1, 1999 and April&nbsp;19,
2002, respectively.</TD>
</TR>

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<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>PART II</B></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Countrywide Financial Corporation (the &#147;Company&#148;) has previously submitted the Countrywide
Financial Corporation 401(k) Savings and Investment Plan (the &#147;Plan&#148;) to the Internal Revenue
Service (the &#147;IRS&#148;) in a timely manner and has made all changes required by the IRS to qualify the
Plan, and the Company hereby undertakes to continue to submit the Plan and each amendment thereto
to the IRS in a timely manner and will make all changes required to qualify the Plan.
</DIV>

<DIV align="center">
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Countrywide Financial Corporation 401(k) Savings and Investment
Plan, as amended and restated effective January&nbsp;1, 2007.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of the Company, as amended
(incorporated by reference to Exhibit&nbsp;3.4 to the Company&#146;s
Quarterly Report on Form&nbsp;10-Q, for the quarter ended September&nbsp;30,
2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of the Company (incorporated by
reference to Exhibit&nbsp;3.1 to the Company&#146;s Current Report on Form
8-K, filed with the SEC on November&nbsp;30, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Certificate of the Company&#146;s Common Stock, (incorporated
by reference to Exhibit&nbsp;4.2 to the Company&#146;s Current Report on Form
8-K dated February&nbsp;6, 1987).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Designations of 7.25% Series&nbsp;B Non-Voting
Convertible Preferred Stock of the Company, filed with the
Secretary of State of the State of Delaware on August&nbsp;22, 2007
(incorporated by reference to Exhibit&nbsp;3.1 to the Company&#146;s Current
Report on Form&nbsp;8-K, filed with the SEC on August&nbsp;28, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Correction of Certificate of Designations of the
Company, filed with the Secretary of State of the State of Delaware
on November&nbsp;1, 2007 (incorporated by reference to Exhibit&nbsp;3.2 to
the Company&#146;s Current Report on Form&nbsp;8-K/A, filed with the SEC on
November&nbsp;2, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Rights Agreement, dated as of November&nbsp;27,
2001, between the Company and The Bank of New York, as Rights Agent
(incorporated by reference to Exhibit&nbsp;1 to the Company&#146;s Form&nbsp;8-A/A
filed on December&nbsp;10, 2001).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Substitution of Rights Agent and Amendment to Amended and Restated
Rights Agreement dated December&nbsp;8, 2005, between the Company and
American Stock Transfer &#038; Trust Company which includes as Exhibit&nbsp;B
thereto, the form of Rights Certificate (incorporated by reference
to Exhibit&nbsp;4.2 to the Company&#146;s Annual Report on Form&nbsp;10-K, for the
year ended December&nbsp;31, 2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amendment to Amended and Restated Rights Agreement dated
June&nbsp;14, 2006 by and between the Company and American Stock
Transfer &#038; Trust Company (incorporated by reference to Exhibit
10.12 to the Company&#146;s Current Report on Form&nbsp;8-K, filed with the
SEC on June&nbsp;20, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Amendment to Amended and Restated Rights Agreement, dated as
of August&nbsp;22, 2007, by and between the Company and American Stock
Transfer &#038; Trust Company, as rights agent (incorporated by
reference to Exhibit&nbsp;10.2 to the Company&#146;s Current Report on Form
8-K, filed with the SEC on August&nbsp;28, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fourth Amendment to Amended and Restated Rights Agreement, dated as
of January&nbsp;11, 2008, by and between the Company and American Stock
Transfer &#038; Trust Company, as rights agent (incorporated by
reference to Exhibit&nbsp;10.1 to the Company&#146;s Current Report on Form
8-K, filed with the SEC on January&nbsp;17, 2008).</TD>
</TR>
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<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights Agreement, dated as of August&nbsp;22, 2007, by and
between Bank of America, N.A. and the Company (incorporated by
reference to Exhibit&nbsp;4.1 to the Company&#146;s Current Report on Form
8-K, filed with the SEC on August&nbsp;28, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Sandor E. Samuels, Executive Managing Director and Chief
Legal Officer of the Company, as to the legality of the securities
being registered.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel (included in Opinion filed as Exhibit&nbsp;5.1).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature pages filed herewith).</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">*</TD>
    <TD>&nbsp;</TD>
    <TD>Filed herewith</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>SIGNATURES</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act of 1933, Countrywide Financial Corporation
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Calabasas, State of California, on the
24th day of March, 2008.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">COUNTRYWIDE FINANCIAL CORPORATION<BR><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="center">/s/ Angelo R. Mozilo</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">Angelo R. Mozilo&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="center">Chairman of the Board<BR>
and Chief Executive Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>POWER OF ATTORNEY</B></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Angelo R. Mozilo, Eric P. Sieracki and Sandor E. Samuels, and each of them, his true and
lawful attorneys-in-fact and agents, with full powers of substitution and resubstitution, for and
in his name, place and stead, in any and all capacities, to sign any or all amendments (including
post-effective amendments) to this Registration Statement, and any registration statement related
to the offering contemplated by this Registration Statement that is to be effective upon filing
pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as might or could be done in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their
substitutes, may lawfully do or cause to be done by virtue hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Angelo R. Mozilo</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Angelo R. Mozilo</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Chairman of the Board,
Chief Executive Officer<BR>
(Principal Executive Officer) and
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Eric P. Sieracki</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Eric P. Sieracki</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap valign="top">
Executive Managing Director and
Chief Financial Officer<BR>
(Principal Financial Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Laura K. Milleman</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Laura K. Milleman</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" nowrap valign="top">
Senior Managing Director, Chief
Accounting Officer<BR>(Principal
Accounting Officer)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ David Sambol</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>David Sambol</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
President, Chief Operating Officer
and Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Jeffrey M. Cunningham</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Jeffrey M. Cunningham</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="14%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top">/s/ <B>Robert J. Donato</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Robert J. Donato</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Martin R. Melone</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Martin R. Melone</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Robert T. Parry</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Robert T. Parry</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Oscar P. Robertson</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Oscar P. Robertson</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Keith P. Russell</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Keith P. Russell</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" valign="top"><B>/s/ Harley W. Snyder</B><BR>
<DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
<B>Harley W. Snyder</B></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
Director
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">March&nbsp;24, 2008</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>EXHIBIT INDEX</B></DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Countrywide Financial Corporation 401(k) Savings and
Investment Plan, as amended and restated effective January&nbsp;1,
2007.</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Restated Certificate of Incorporation of the Company, as
amended (incorporated by reference to Exhibit&nbsp;3.4 to the
Company&#146;s Quarterly Report on Form&nbsp;10-Q, for the quarter ended
September&nbsp;30, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Bylaws of the Company (incorporated by
reference to Exhibit&nbsp;3.1 to the Company&#146;s Current Report on
Form&nbsp;8-K, filed with the SEC on November&nbsp;30, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Specimen Certificate of the Company&#146;s Common Stock,
(incorporated by reference to Exhibit&nbsp;4.2 to the Company&#146;s
Current Report on Form&nbsp;8-K dated February&nbsp;6, 1987).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Designations of 7.25% Series&nbsp;B Non-Voting
Convertible Preferred Stock of the Company, filed with the
Secretary of State of the State of Delaware on August&nbsp;22, 2007
(incorporated by reference to Exhibit&nbsp;3.1 to the Company&#146;s
Current Report on Form&nbsp;8-K, filed with the SEC on August&nbsp;28,
2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Certificate of Correction of Certificate of Designations of
the Company, filed with the Secretary of State of the State of
Delaware on November&nbsp;1, 2007 (incorporated by reference to
Exhibit&nbsp;3.2 to the Company&#146;s Current Report on Form&nbsp;8-K/A,
filed with the SEC on November&nbsp;2, 2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Amended and Restated Rights Agreement, dated as of November
27, 2001, between the Company and The Bank of New York, as
Rights Agent (incorporated by reference to Exhibit&nbsp;1 to the
Company&#146;s Form&nbsp;8-A/A filed on December&nbsp;10, 2001).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Substitution of Rights Agent and Amendment to Amended and
Restated Rights Agreement dated December&nbsp;8, 2005, between the
Company and American Stock Transfer &#038; Trust Company which
includes as Exhibit&nbsp;B thereto, the form of Rights Certificate
(incorporated by reference to Exhibit&nbsp;4.2 to the Company&#146;s
Annual Report on Form&nbsp;10-K, for the year ended December&nbsp;31,
2005).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Second Amendment to Amended and Restated Rights Agreement
dated June&nbsp;14, 2006 by and between the Company and American
Stock Transfer &#038; Trust Company (incorporated by reference to
Exhibit&nbsp;10.12 to the Company&#146;s Current Report on Form&nbsp;8-K,
filed with the SEC on June&nbsp;20, 2006).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Third Amendment to Amended and Restated Rights Agreement,
dated as of August&nbsp;22, 2007, by and between the Company and
American Stock Transfer &#038; Trust Company, as rights agent
(incorporated by reference to Exhibit&nbsp;10.2 to the Company&#146;s
Current Report on Form&nbsp;8-K, filed with the SEC on August&nbsp;28,
2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.6.4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fourth Amendment to Amended and Restated Rights Agreement,
dated as of January&nbsp;11, 2008, by and between the Company and
American Stock Transfer &#038; Trust Company, as rights agent
(incorporated by reference to Exhibit&nbsp;10.1 to the Company&#146;s
Current Report on Form&nbsp;8-K, filed with the SEC on January&nbsp;17,
2008).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.7
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Registration Rights Agreement, dated as of August&nbsp;22, 2007, by
and between Bank of America, N.A. and the Company
(incorporated by reference to Exhibit&nbsp;4.1 to the Company&#146;s
Current Report on Form&nbsp;8-K, filed with the SEC on August&nbsp;28,
2007).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Sandor E. Samuels, Executive Managing Director and
Chief Legal Officer of the Company, as to the legality of the
securities being registered.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="88%">&nbsp;</TD>
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    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of KPMG LLP.</TD>
</TR>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Counsel (included in Opinion filed as Exhibit&nbsp;5.1).</TD>
</TR>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1*
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on signature pages filed herewith).</TD>
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    <TD>Filed herewith</TD>
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[{"type": "S-8", "sequence": "1", "filename": "v39281sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 46970}]
{"company-data": {"conformed-name": "COUNTRYWIDE FINANCIAL CORP", "cik": "0000025191", "assigned-sic": "6035", "irs-number": "132641992", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-149865", "film-number": "08706921"}, "business-address": {"street1": "4500 PARK GRANADA BLVD", "city": "CALABASAS", "state": "CA", "zip": "91302", "phone": "8182253000"}, "mail-address": {"street1": "4500 PARK GRANADA BLVD", "city": "CALABASAS", "state": "CA", "zip": "91302"}, "former-company": {"former-conformed-name": "COUNTRYWIDE CREDIT INDUSTRIES INC", "date-changed": "19920703"}}
Countrywide Financial Corporation
As filed with the Securities and Exchange Commission on March 24, 2008
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
COUNTRYWIDE FINANCIAL COPORATION
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
13-2641992
(I.R.S. Employer
Identification No.)
4500 Park Granada
Calabasas, CA
(Address of Principal Executive Offices)
91302
(Zip Code)
Countrywide Financial Corporation
401(k) Savings and Investment Plan
(as amended and restated effective January 1, 2007)
(Full title of the plan)
Sandor E. Samuels, Executive Managing Director and Chief Legal Officer
4500 Park Granada
Calabasas, CA 91302
(Name and Address of Agent For Service)
(818) 225-3505
(Telephone number, including area code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated
filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large
accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the
Exchange Act. (Check one):
Large accelerated filer
x
Accelerated filer
o
Non-accelerated filer
o
(Do not check if a smaller reporting company)
Smaller reporting company
o
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed
Title of Securities
Number of Shares to
Offering Price Per
Maximum Aggregate
Amount of
to be Registered
be Registered
Share
2
Offering Price
3
Registration Fee
Common Stock, par
value $.05 per
share
1
8,000,000 shares
$4.23
$33,840,000
$1,330
1
Includes the rights associated with the Registrant's Common Stock.
2/3
In accordance with Rule 457(h) under the Securities Act of 1933, the offering price
has been calculated on the basis of the average of the high and low prices for the Registrant's
Common Stock as reported by the New York Stock Exchange on March 17, 2008.
Note: In addition, pursuant to Rule 416(c) of the Securities Act of 1933, the registration
statement covers an indeterminate amount of interests to be offered or sold pursuant to the
employee benefit plan described herein.
EXPLANATORY NOTE
Pursuant to general instruction E to Form S-8 under the Securities Act of 1933, as amended,
this Registration Statement on Form S-8 relates to the registration of an additional 8,000,000
shares of the Registrant's Common Stock.
The contents of the Registrant's following registration statements are incorporated by reference
herein:
•
Registration Statement on Form S-8 (File No. 333-142887) filed with the
Securities and Exchange Commission (the "SEC") on May 11, 2007 (other than with respect to
Part II, Item 8, the signature page and the Exhibit Index); and
•
Registration Statement and Post-Effective Amendment No. 1 to Registration Statement on
Form S-8 (File No. 333-73089) filed with the SEC on March 1, 1999 and April 19,
2002, respectively.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 8. Exhibits.
Countrywide Financial Corporation (the "Company") has previously submitted the Countrywide
Financial Corporation 401(k) Savings and Investment Plan (the "Plan") to the Internal Revenue
Service (the "IRS") in a timely manner and has made all changes required by the IRS to qualify the
Plan, and the Company hereby undertakes to continue to submit the Plan and each amendment thereto
to the IRS in a timely manner and will make all changes required to qualify the Plan.
4.1*
Countrywide Financial Corporation 401(k) Savings and Investment
Plan, as amended and restated effective January 1, 2007.
4.2
Restated Certificate of Incorporation of the Company, as amended
(incorporated by reference to Exhibit 3.4 to the Company's
Quarterly Report on Form 10-Q, for the quarter ended September 30,
2007).
4.3
Amended and Restated Bylaws of the Company (incorporated by
reference to Exhibit 3.1 to the Company's Current Report on Form
8-K, filed with the SEC on November 30, 2007).
4.4
Specimen Certificate of the Company's Common Stock, (incorporated
by reference to Exhibit 4.2 to the Company's Current Report on Form
8-K dated February 6, 1987).
4.5
Certificate of Designations of 7.25% Series B Non-Voting
Convertible Preferred Stock of the Company, filed with the
Secretary of State of the State of Delaware on August 22, 2007
(incorporated by reference to Exhibit 3.1 to the Company's Current
Report on Form 8-K, filed with the SEC on August 28, 2007).
4.5.1
Certificate of Correction of Certificate of Designations of the
Company, filed with the Secretary of State of the State of Delaware
on November 1, 2007 (incorporated by reference to Exhibit 3.2 to
the Company's Current Report on Form 8-K/A, filed with the SEC on
November 2, 2007).
4.6
Amended and Restated Rights Agreement, dated as of November 27,
2001, between the Company and The Bank of New York, as Rights Agent
(incorporated by reference to Exhibit 1 to the Company's Form 8-A/A
filed on December 10, 2001).
4.6.1
Substitution of Rights Agent and Amendment to Amended and Restated
Rights Agreement dated December 8, 2005, between the Company and
American Stock Transfer & Trust Company which includes as Exhibit B
thereto, the form of Rights Certificate (incorporated by reference
to Exhibit 4.2 to the Company's Annual Report on Form 10-K, for the
year ended December 31, 2005).
4.6.2
Second Amendment to Amended and Restated Rights Agreement dated
June 14, 2006 by and between the Company and American Stock
Transfer & Trust Company (incorporated by reference to Exhibit
10.12 to the Company's Current Report on Form 8-K, filed with the
SEC on June 20, 2006).
4.6.3
Third Amendment to Amended and Restated Rights Agreement, dated as
of August 22, 2007, by and between the Company and American Stock
Transfer & Trust Company, as rights agent (incorporated by
reference to Exhibit 10.2 to the Company's Current Report on Form
8-K, filed with the SEC on August 28, 2007).
4.6.4
Fourth Amendment to Amended and Restated Rights Agreement, dated as
of January 11, 2008, by and between the Company and American Stock
Transfer & Trust Company, as rights agent (incorporated by
reference to Exhibit 10.1 to the Company's Current Report on Form
8-K, filed with the SEC on January 17, 2008).
4.7
Registration Rights Agreement, dated as of August 22, 2007, by and
between Bank of America, N.A. and the Company (incorporated by
reference to Exhibit 4.1 to the Company's Current Report on Form
8-K, filed with the SEC on August 28, 2007).
5.1*
Opinion of Sandor E. Samuels, Executive Managing Director and Chief
Legal Officer of the Company, as to the legality of the securities
being registered.
23.1*
Consent of KPMG LLP.
23.2*
Consent of Counsel (included in Opinion filed as Exhibit 5.1).
24.1*
Power of Attorney (included on signature pages filed herewith).
*
Filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, Countrywide Financial Corporation
certifies that it has reasonable grounds to believe that it meets all of the requirements for
filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by
the undersigned, thereunto duly authorized, in the City of Calabasas, State of California, on the
24th day of March, 2008.
COUNTRYWIDE FINANCIAL CORPORATION
By:
/s/ Angelo R. Mozilo
Angelo R. Mozilo
Chairman of the Board
and Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and
appoints Angelo R. Mozilo, Eric P. Sieracki and Sandor E. Samuels, and each of them, his true and
lawful attorneys-in-fact and agents, with full powers of substitution and resubstitution, for and
in his name, place and stead, in any and all capacities, to sign any or all amendments (including
post-effective amendments) to this Registration Statement, and any registration statement related
to the offering contemplated by this Registration Statement that is to be effective upon filing
pursuant to Rule 462(b) under the Securities Act of 1933, as amended, and to file the same, with
all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them, full power and
authority to do and perform each and every act and thing requisite and necessary to be done in and
about the premises, as fully to all intents and purposes as might or could be done in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents or any of them, or their
substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the dates indicated.
Signature
Title
Date
/s/ Angelo R. Mozilo
Angelo R. Mozilo
Chairman of the Board,
Chief Executive Officer
(Principal Executive Officer) and
Director
March 24, 2008
/s/ Eric P. Sieracki
Eric P. Sieracki
Executive Managing Director and
Chief Financial Officer
(Principal Financial Officer)
March 24, 2008
/s/ Laura K. Milleman
Laura K. Milleman
Senior Managing Director, Chief
Accounting Officer
(Principal
Accounting Officer)
March 24, 2008
/s/ David Sambol
David Sambol
President, Chief Operating Officer
and Director
March 24, 2008
/s/ Jeffrey M. Cunningham
Jeffrey M. Cunningham
Director
March 24, 2008
Signature
Title
Date
/s/
Robert J. Donato
Robert J. Donato
Director
March 24, 2008
/s/ Martin R. Melone
Martin R. Melone
Director
March 24, 2008
/s/ Robert T. Parry
Robert T. Parry
Director
March 24, 2008
/s/ Oscar P. Robertson
Oscar P. Robertson
Director
March 24, 2008
/s/ Keith P. Russell
Keith P. Russell
Director
March 24, 2008
/s/ Harley W. Snyder
Harley W. Snyder
Director
March 24, 2008
EXHIBIT INDEX
Exhibit Number
Description
4.1*
Countrywide Financial Corporation 401(k) Savings and
Investment Plan, as amended and restated effective January 1,
2007.
4.2
Restated Certificate of Incorporation of the Company, as
amended (incorporated by reference to Exhibit 3.4 to the
Company's Quarterly Report on Form 10-Q, for the quarter ended
September 30, 2007).
4.3
Amended and Restated Bylaws of the Company (incorporated by
reference to Exhibit 3.1 to the Company's Current Report on
Form 8-K, filed with the SEC on November 30, 2007).
4.4
Specimen Certificate of the Company's Common Stock,
(incorporated by reference to Exhibit 4.2 to the Company's
Current Report on Form 8-K dated February 6, 1987).
4.5
Certificate of Designations of 7.25% Series B Non-Voting
Convertible Preferred Stock of the Company, filed with the
Secretary of State of the State of Delaware on August 22, 2007
(incorporated by reference to Exhibit 3.1 to the Company's
Current Report on Form 8-K, filed with the SEC on August 28,
2007).
4.5.1
Certificate of Correction of Certificate of Designations of
the Company, filed with the Secretary of State of the State of
Delaware on November 1, 2007 (incorporated by reference to
Exhibit 3.2 to the Company's Current Report on Form 8-K/A,
filed with the SEC on November 2, 2007).
4.6
Amended and Restated Rights Agreement, dated as of November
27, 2001, between the Company and The Bank of New York, as
Rights Agent (incorporated by reference to Exhibit 1 to the
Company's Form 8-A/A filed on December 10, 2001).
4.6.1
Substitution of Rights Agent and Amendment to Amended and
Restated Rights Agreement dated December 8, 2005, between the
Company and American Stock Transfer & Trust Company which
includes as Exhibit B thereto, the form of Rights Certificate
(incorporated by reference to Exhibit 4.2 to the Company's
Annual Report on Form 10-K, for the year ended December 31,
2005).
4.6.2
Second Amendment to Amended and Restated Rights Agreement
dated June 14, 2006 by and between the Company and American
Stock Transfer & Trust Company (incorporated by reference to
Exhibit 10.12 to the Company's Current Report on Form 8-K,
filed with the SEC on June 20, 2006).
4.6.3
Third Amendment to Amended and Restated Rights Agreement,
dated as of August 22, 2007, by and between the Company and
American Stock Transfer & Trust Company, as rights agent
(incorporated by reference to Exhibit 10.2 to the Company's
Current Report on Form 8-K, filed with the SEC on August 28,
2007).
4.6.4
Fourth Amendment to Amended and Restated Rights Agreement,
dated as of January 11, 2008, by and between the Company and
American Stock Transfer & Trust Company, as rights agent
(incorporated by reference to Exhibit 10.1 to the Company's
Current Report on Form 8-K, filed with the SEC on January 17,
2008).
4.7
Registration Rights Agreement, dated as of August 22, 2007, by
and between Bank of America, N.A. and the Company
(incorporated by reference to Exhibit 4.1 to the Company's
Current Report on Form 8-K, filed with the SEC on August 28,
2007).
5.1*
Opinion of Sandor E. Samuels, Executive Managing Director and
Chief Legal Officer of the Company, as to the legality of the
securities being registered.
Exhibit Number
Description
23.1*
Consent of KPMG LLP.
23.2*
Consent of Counsel (included in Opinion filed as Exhibit 5.1).
24.1*
Power of Attorney (included on signature pages filed herewith).
*
Filed herewith