** Based on a comparison of annual Home Mortgage Disclosure Act (HMDA)
data for 2003 released by the Federal Financial Institutions Examinations
Council, which compiles the mortgage lending results of loans to African
American , Hispanic, Asian/Pacific Islander and American Indian/Alaska Native
homeowners originated and purchased as reported by lenders nationwide to
federal regulators.

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CALABASAS, Calif.

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MECA offers classical
and ethnic arts education and support services to approximately 1,500
students a year, and over 3,000 students participate in MECA
workshops, residencies and projects.

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By becoming a
sponsor of the new home makeover reality show "Lo Dejo en Tus Manos" ("I'm
Leaving It in Your Hands") on Telemundo, a major U. Spanish-language
television network, Countrywide adds another dimension to its multi-faceted
campaign to reach Hispanics across the country and strengthen its longstanding
position as the #1 mortgage lender to multicultural markets.

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"
As part of its sponsorship, Countrywide presented a $10,000 special gift
to one deserving family, will provide a $10,000 prize for the winner of a
separate consumer promotion and offers practical home buyer tips on the show .

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"We are committed to assisting prospective home buyers with their
homeownership aspirations , and using the reality show concept to educate
Spanish-speaking viewers is an exciting next step in our initiative to inform
consumers a`out options for making the dream of homeownership affordable and
viable," said Rodolfo Saenz, executive vice president of multicultural markets
for Countrywide .

What: 2nd Annual Huitzilopoxtli

When: Friday
March 11, 2005
At 8:00 p.

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m. MECA's 28-year
presence has given families and youth a positive sense of themselves,
their community and their culture.

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"Countrywide Home Loans has wisely recognized the great potential of
product integration in Spanish-language reality -type programming and is the
first mortgage company to be involved in Telemundo's home improvement
programming," said Steve Mandala, executive vice president of sales for
Telemundo.

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"Lo Dejo en Tus Manos" features real-life
homeowners receiving home makeovers.

Business Editors/Entertainment Editors

HOUSTON----MECA presents the 2nd
Annual Latino visual art and music showcase featuring artwork and
musical performances by some of the brightest local Latino emerging
artists.

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MECA's Cullen Trust For the Performing Arts Concert Series Presents Huitzilopoxtli: the Day of the Sun

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**
Countrywide intends to reach prospective customers on an emotional, as
well as educational, level.
The arrangement with Telemundo is an extension of the "Facilitando Suenos "
television and radio advertising campaign Countrywide launched in June 2004,
which depicts Hispanic buyers taking advantage of home financing solutions
like the company's innovative Optimum Loan(SM ) (featuring low down payment
options, relaxed credit guidelines and multiple income sources for those who
do not fit the traditional buyer profile). Countrywide Financial Corporation, through its
subsidiaries , provides mortgage banking and diversified financial services in
domestic and international markets .

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, a
member of the Countrywide family: America's #1 residential lender,* has
capitalized on the television marketing trends of reality TV, product
placement and brand integration to strategically raise awareness within the
Spanish-speaking community of homeownership opportunities.

examinations financially

Countrywide Taps Reality TV to Cement Its Lead Position With Hispanic Homebuyers

Nicknamed The Day of the Sun , this event has a focus on an
illumination.

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S.
To support this outreach effort, Countrywide has more than 250 bilingual
loan experts in 100 branch offices nationwide and offers an array of
Spanish-language materials to educate buyers and help them feel at ease.

Where: MECA
1900 Kane
Houston, Texas 77007

Admission: $5.
MECA's Cullen Trust for the Performing Arts Concert Series is
sponsored in part by the Cullen Trust for the Performing Arts, the
Cultural Arts Council of Houston Harris County, the Greensheet and the
United Way of the Texas Gulf Coast.

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"The reality platform is ideal for seamlessly promoting the
Countrywide brand, highlighting our broad range of customized home loan
products and demystifying the home-buying process to help viewers feel hopeful
and confident about securing financing for a new home and attaining the
American dream.org
Multicultural Education and Counseling through the Arts (MECA) is
a community-based, non-profit organization whose mission is to promote
the healthy social, cultural and academic development of at-risk,
inner-city youth through education in the arts.

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The company hopes viewers are inspired
by the home makeovers featured in episodes of the show and that they seek out
the homeownership education opportunities that Countrywide offers .

Information on associations, collectives, or groups of people who educate, promote and/or provide services in the field of dance.

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Telemundo has historically offered product placement opportunities
through its original programming, including novelas and reality shows.00 at the door

For more information please visit MECA's Web site at
www.

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unesco tanzstudio

, Countrywide Home Loans, Inc. Founded in 1969 and a member of the S+P
500 and Fortune 500, Countrywide Financial Corporation is headquartered in
Calabasas , California and its family of companies has a workforce of more than
40,000 in over 600 offices across the country. Witness the enlightened works by such musicians as
Texaztlan, Green Rhinos, Cuervo, Airline Farrell and works by visual
artists George Manzur, Rene Cruz, Jannette Gonzalez, Daniel Soto ,
Raphael Villarreal and Mario Jose Olvera.

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The Countrywide-sponsored "Lo Dejo en Tus Manos " is scheduled to air on
Sundays from originates, purchases, securitizes, sells and
services home loans and is the primary subsidiary of Countrywide Financial
Corporation (NYSE: CFC). MECA has served Houston's First
Ward, Sixth Ward, Near Northside, and Heights Districts since 1977,
providing a variety of arts education opportunities, community
performances, public art and cultural celebrations .

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