**EXHIBIT 12.1**

**COUNTRYWIDEFINANCIAL CORPORATION AND SUBSIDIARIESCOMPUTATION OF THE RATIO OF EARNINGS TO FIXED CHARGES**

The following table sets forth the ratio of earningsto fixed charges of the Company for the nine months ended September 30, 2006and 2005, the years ended December 31, 2005, 2004, 2003, 2002, and the ten-monthperiod ended December 31, 2001, computed by dividing net fixed charges(interest expense on all debt plus the interest element (one-third) ofoperating leases) into earnings (earnings before income taxes and fixedcharges).
| ** **                                       | ** ** | **Nine Months Ended  September 30,** | ** ** | **Years Ended  December 31,** | ** ** | **Ten Months  Ended  December 31,** | ** ** |
|--------------------------------------------------|------------|-----------------------------------------------------|------------|-----------------------------------------|------------|-----------------------------------------------|------------|
| **(dollar amounts in thousands)** | ** ** | **2006**                                            | ** ** | **2005**                                | ** ** | **2005**                                      | ** ** | **2004** | ** ** | **2003** | ** ** | **2002** | ** ** | **2001** | ** ** |
| Net earnings                                     |       | $                                                   | 2,053,265  |                                    | $          | 1,889,195                                     |       | $ | 2,528,090 |   | $ | 2,197,574 |   | $ | 2,372,950 |   | $ | 841,779 |   | $ | 486,006 |   |
| Income tax expense                               |       | 1,296,333                                           |       | 1,246,361                               |       | 1,619,676                                     |       | 1,398,299 |   | 1,472,822 |   | 501,244 |   | 302,613 |   |
| Interest expense                                 |       | 6,543,619                                           |       | 3,814,165                               |       | 5,616,425                                     |       | 2,608,338 |   | 1,940,207 |   | 1,461,066 |   | 1,474,719 |   |
| Interest portion of  rental expense              |       | 55,259                                              |       | 44,769                                  |       | 62,104                                        |       | 53,562 |   | 36,565 |   | 26,671 |   | 16,201 |   |
| Earnings available to  cover fixed charges       |       | $                                                   | 9,948,476  |                                    | $          | 6,994,490                                     |       | $ | 9,826,295 |   | $ | 6,257,773 |   | $ | 5,822,544 |   | $ | 2,830,760 |   | $ | 2,279,539 |   |
|                                             |       |                                                |       |                                    |       |                                          |       |   |   |   |   |   |   |   |   |
| Fixed charges:                                   |       |                                                |       |                                    |       |                                          |       |   |   |   |   |   |   |   |   |
| Interest expense                                 |       | $                                                   | 6,543,619  |                                    | $          | 3,814,165                                     |       | $ | 5,616,425 |   | $ | 2,608,338 |   | $ | 1,940,207 |   | $ | 1,461,066 |   | $ | 1,474,719 |   |
| Interest portion  of rental expense              |       | 55,259                                              |       | 44,769                                  |       | 62,104                                        |       | 53,562 |   | 36,565 |   | 26,671 |   | 16,201 |   |
| Total fixed  charges                             |       | $                                                   | 6,598,878  |                                    | $          | 3,858,934                                     |       | $ | 5,678,529 |   | $ | 2,661,900 |   | $ | 1,976,772 |   | $ | 1,487,737 |   | $ | 1,490,920 |   |
| Ratio of  earnings to fixed charges              |       | 1.51                                                |       | 1.81                                    |       | 1.73                                          |       | 2.35 |   | 2.95 |   | 1.90 |   | 1.53 |   |

 

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