Current assets of aggressive mortgage packager CFC shows large retained portfolio holdings. See "loans held for investment" and "investments in other financial instruments".
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Countrywide Financial Corporation
CONSOLIDATED BALANCE SHEETS (unaudited)
(Dollar amounts in thousands, March 31, December 31,
except share data) 2003 2002
Assets
Cash $446,306 $697,457
Mortgage loans and mortgage-backed
securities held for sale 27,392,295 15,025,617
Trading securities, at market value 4,389,899 5,983,841
Trading securities pledged as collateral,
at market value 4,839,258 2,708,879
Securities purchased under agreements
to resell 5,181,001 5,997,368
Mortgage servicing rights, net 5,345,675 5,384,933
Investments in other financial instruments 13,683,689 10,901,915
Loans held for investment, net 7,774,844 6,070,426
Property, equipment and leasehold
improvements, net 628,737 576,688
Other assets 3,929,321 4,683,659
Total assets $73,611,025 $58,030,783 |
