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                                                                   EXHIBIT 10.43

                           2000 EQUITY INCENTIVE PLAN
                                       OF
                       COUNTRYWIDE FINANCIAL CORPORATION
                    (AMENDED AND RESTATED NOVEMBER 12, 2003)

          SECTION 1. PURPOSE OF PLAN

         The purpose of this 2000 Equity Incentive Plan (this "Plan") of
Countrywide Financial Corporation (formerly known as Countrywide Credit
Industries, Inc.), a Delaware corporation (the "Company"), is to strengthen the
Company by providing an incentive to its employees and directors and thereby
encourage them to devote their abilities and industry to the success of the
Company's business enterprise. It is intended that this purpose be achieved by
extending to employees and directors of the Company and the Subsidiaries (as
defined below) an added long-term incentive for high levels of performance and
unusual efforts through the grant of Awards (as such term is herein defined).

          SECTION 2. ADMINISTRATION OF PLAN

         2.1      COMPOSITION OF COMMITTEE. This Plan shall be administered by a
committee consisting of at least two (2) directors appointed by the Board of
Directors of the Company (the "Board") to administer the Plan and to perform
functions set forth herein (the "Committee"). Notwithstanding the foregoing,
with respect to any action, determination, interpretation, or modification with
respect to a specific Award to any director of the Company who is not an
employee (a "Nonemployee Director"), the "Committee" shall be comprised of the
entire Board. The Committee shall hold meetings at such times as may be
necessary for the proper administration of the Plan. The Committee shall keep
minutes of its meetings. A quorum shall consist of not less than two (2) members
of the Committee and a majority of a quorum may authorize any action. Any
decision or determination reduced to writing and signed by a majority of all of
the members shall be fully effective as if made by a majority vote at a meeting
duly called and held. Each member of the Committee shall be a Disinterested
Director and an Outside Director. No member of the Committee shall be liable for
any action, failure to act, determination or interpretation made in good faith
with respect to this Plan or any transaction hereunder, except for liability
arising from his or her own willful misfeasance, gross negligence or reckless
disregard of his or her duties. The Company hereby agrees to indemnify each
member of the Committee for all costs and expenses and, to the extent permitted
by applicable law, any liability incurred in connection with defending against,
responding to, negotiation for the settlement of or otherwise dealing with any
claim, cause of action or dispute of any kind arising in connection with any
actions in administering this Plan or in authorizing or denying authorization to
any transaction hereunder. For purposes of this Plan, the term "Disinterested
Director" means a director of the Company who is "disinterested" within the
meaning of Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the
"Exchange Act"), and the term "Outside Director" means a director of the Company
who is an "outside director" within the meaning of Section 162(m) of the
Internal Revenue Code of 1986, as amended, and the regulations promulgated
thereunder (the "Code").

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         2.2      POWERS OF THE COMMITTEE. The Committee shall be authorized and
empowered to do all things necessary or desirable, in its sole discretion, in
connection with the administration of this Plan, including, without limitation,
the following:

                  (a)      to prescribe, amend and rescind rules and regulations
         relating to this Plan (including but not limited to, correcting any
         defect or supplying any omission, or reconciling any inconsistency in
         the Plan or any Award Document (as defined below)) in the manner and to
         the extent it shall be deemed necessary or advisable so that the Plan
         complies with applicable law including Rule 16b-3 under the Exchange
         Act and the Code to the extent applicable and otherwise to make the
         Plan fully effective, and to define terms not otherwise defined herein;
         provided that, unless the Committee shall specify otherwise, for
         purposes of this Plan (i) the term "Fair Market Value" shall, on any
         date mean the average of the high and low sales prices of the Shares on
         such date on the principal national securities exchange on which such
         Shares are listed or admitted to trading, or if such Shares are not so
         listed or admitted to trading, the arithmetic mean of the per Share
         closing bid price and per Share closing asked price on such date as
         quoted on the National Association of Securities Dealers Automated
         Quotation System or such other market in which such prices are
         regularly quoted, or, if there have been no published bid or asked
         quotations with respect to Shares on such date, the Fair Market Value
         shall be the value established by the Board in good faith and in
         accordance with Code Section 422; and (ii) the term "Company" shall
         mean the Company and its Subsidiaries (as such term is defined in Code
         Section 424(f)) and affiliates, unless the context otherwise requires;

                  (b)      to determine which persons are Eligible Persons (as
         defined below), to which of such Eligible Persons, if any, Awards shall
         be granted hereunder, the number of Awards granted, the timing of any
         such grants, and to make such grants;

                  (c)      to determine the number of Shares subject to Options
         (as defined below) and the exercise or purchase price of such Shares;

                  (d)      to establish and verify the extent of satisfaction of
         any performance goals applicable to Awards;

                  (e)      to prescribe and amend the terms of the agreements or
         other documents evidencing Awards made under this Plan (which need not
         be identical);

                  (f)      to determine whether, and the extent to which,
         adjustments are required pursuant to Section 8;

                  (g)      to establish and maintain programs pursuant to which
         Awards granted under this Plan may be deferred;

                  (h)      to interpret and construe this Plan, any rules and
         regulations under this Plan and the terms and conditions of any Award
         granted hereunder, and to make exceptions to any such provisions in
         good faith and for the benefit of the Company; and

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                  (i)      to make all other determinations deemed necessary or
         advisable for the administration of this Plan.

         2.3      DETERMINATIONS OF THE COMMITTEE. All decisions, determinations
and interpretations by the Committee regarding this Plan shall be final and
binding on the Company and its Subsidiaries and all Eligible Persons and
Participants (as defined below). The Committee shall consider such factors as it
deems relevant to making such decisions, determinations and interpretations
including, without limitation, the recommendations or advice of any director,
officer or employee of the Company and such attorneys, consultants and
accountants as it may select.

          SECTION 3. STOCK SUBJECT TO PLAN

         3.1      AGGREGATE LIMITS. The aggregate number of shares of the
Company's common stock, par value $.05 per share ("Shares"), that may be made
the subject of Awards granted under this Plan is 16,750,000, of which a maximum
of 1,000,000 Shares may be issued in the form of Restricted Stock (as defined
below). The maximum number of shares subject to the Plan shall be adjusted as
provided in Section 8 of the Plan upon a change in the capital structure of the
Company. The maximum number of Shares that may be made the subject of Awards to
Nonemployee Directors under this Plan in any one calendar year is 50,000 with
respect to Options and 30,000 shares with respect to Restricted Stock. The
Company shall reserve for the purpose of this Plan, out of its authorized but
unissued Shares or out of Shares held in the Company's treasury, or partly out
of each, such number of Shares as shall be determined by the Board.

         3.2      TAX-CODE LIMITS. The aggregate number of Shares, subject to
Options granted under this Plan during any calendar year to any one Eligible
Person, shall not exceed 3,000,000. Notwithstanding anything to the contrary in
this Plan, the foregoing limitations shall be subject to adjustment under
Section 8 only to the extent that such adjustment will not affect the status of
any Option intended to qualify as "performance based compensation" under Code
Section 162(m). The foregoing limitations shall not apply to the extent that
they are no longer required in order for compensation in connection with grants
under this Plan to be treated as "performance-based compensation" under Code
Section 162(m).

         3.3      ISSUANCE OF SHARES. Whenever an outstanding Award or a portion
thereof expires, is canceled or is otherwise terminated for any reason (other
than the surrender of the Award pursuant to Section 9 hereof), the Shares
allocable to the expired, canceled or otherwise terminated Award or portion
thereof may again be the subject of an Award granted hereunder.

          SECTION 4. PERSONS ELIGIBLE UNDER PLAN

         Any employee of the Company or a Subsidiary, any Nonemployee Director
or any nonemployee director of an affiliated company ("Nonemployee Affiliate
Director") designated by the Committee as eligible to receive Awards subject to
the conditions set forth herein, shall be eligible to receive a grant of an
Award under this Plan (an "Eligible Person"). A "Ten-Percent Stockholder" is an
Eligible Person, who, at the time an Option intended to

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qualify as an incentive stock option under Section 422 of the Code ("ISO") is
granted to him or her, owns (within the meaning of Section 422(b)(6) of the
Code) stock possessing more than ten percent (10%) of the total combined voting
power of all classes of stock of the Company, or of a parent or a subsidiary. An
"Optionee" is any current or former Eligible Person to whom an Option has been
granted, and a "Participant" is any person to whom an Award has been granted or
to whom an Option has been assigned or transferred pursuant to Section 7.1
(including any estate).

          SECTION 5. PLAN AWARDS

         The Committee, on behalf of the Company, is authorized under this Plan
to enter into certain types of arrangements with Eligible Persons and to confer
certain benefits on them. Restricted Stock and Options are authorized under this
Plan if their terms and conditions are not inconsistent with the provisions of
this Plan. For purposes of this Plan an "Option" is a right granted under
Section 6 of this Plan to purchase a number of Shares at such exercise price, at
such times, and on such other terms and conditions as are specified in the
agreement or other document evidencing the Award (the "Option Document ").
Options intended to qualify as ISOs and Options not intended to qualify as ISOs
("Nonqualified Options") may be granted under Section 6. For purposes of this
Plan, "Restricted Stock" means Shares issued or transferred pursuant to Section
7A on such terms and conditions as are specified in the agreement or other
document evidencing the Award. For purposes of this Plan a "Stock Unit" or a
"Restricted Stock Unit" means the right to receive Shares at a future date
pursuant to Section 7A on such terms and conditions as are specified in the
agreement or other document evidencing the Award. Any agreement evidencing an
"Award" hereunder is an "Award Document." For purposes of this Plan, an "Award"
is a grant of Restricted Stock, Stock Units, Restricted Stock Units, ISOs or
Nonqualified Options.

          SECTION 6. OPTIONS

         The Committee may grant an Option or provide for the grant of an
Option, either from time to time in the discretion of the Committee or
automatically upon the occurrence of specified events, including, without
limitation, the achievement of performance goals, the satisfaction of an event
or condition within the control of the recipient of the grant or within the
control of others.

         6.1      OPTION DOCUMENT. Each Option Document shall contain provisions
regarding (a) the number of Shares that may be issued upon exercise of the
Option, (b) the purchase price of the Shares and the means of payment for the
Shares, (c) the term of the Option, (d) such terms and conditions of
exercisability as may be determined from time to time by the Committee, (e)
restrictions on the transfer of the Option and forfeiture provisions and (f)
such further terms and conditions, in each case not inconsistent with this Plan
as may be determined from time to time by the Committee. The Option Document may
be amended at any time by the parties thereto so long as the amended terms are
not inconsistent with the Plan. Option Documents evidencing ISOs shall contain
such terms and conditions as may be necessary to qualify, to the extent
determined desirable by the Committee, with the applicable provisions of Code
Section 422.

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         6.2      OPTION PRICE. The purchase price per share of the Shares
subject to each Option granted under this Plan shall equal or exceed one hundred
percent (100%) of the Fair Market Value of such Stock on the date the Option is
granted (one hundred ten percent (110%) in the case of an ISO granted to a
Ten-Percent Stockholder), except that (a) the exercise price of an Option may be
higher or lower in the case of Options granted to an employee of a company
acquired by the Company in assumption and substitution of Options held by such
employee at the time such company is acquired, and (b) in the event an Eligible
Person is required to pay or forego the receipt of any cash amount in
consideration of receipt of an Option, the exercise price plus such cash amount
shall equal or exceed one hundred percent (100%) of the fair market value of
such Stock on the date the Option is granted.

         6.3      OPTION TERM. The "Term" of each Option granted under this
Plan, including any ISOs, shall be for a period of years from the date of its
grant set forth in the Option Document, but in no event shall the Term of an
Option extend beyond ten (10) years from the date of grant (five (5) years in
the case of an ISO granted to a Ten-Percent Stockholder).

         6.4      OPTION VESTING. Subject to Section 9 hereof, Options granted
under this Plan shall be exercisable at such time and in such installments
during the period prior to the expiration of the Option's Term as determined by
the Committee. The Committee shall have the right to make the timing of the
ability to exercise any Option granted under this Plan subject to such
performance requirements as deemed appropriate by the Committee. At any time
after the grant of an Option the Committee may reduce or eliminate any
restrictions surrounding any Participant's right to exercise all or part of the
Option.

         6.5      TERMINATION OF EMPLOYMENT OR SERVICE. Unless otherwise
provided in an Option Document, an Option shall terminate upon or following an
Optionee's termination of employment with the Company and its Subsidiaries,
service as a Nonemployee Affiliate Director, and service as a Nonemployee
Director of the Company and its Subsidiaries as follows:

                  (a)      In the event an Optionee's employment as an employee,
         if any, and service as a Nonemployee Director or Nonemployee Affiliate
         Director, if any, terminate for any reason other than death,
         Disability, Cause or Retirement (as such terms are hereinafter
         defined), then the Optionee may at any time within three (3) months
         after his or her termination of employment exercise an Option to the
         extent, and only to the extent, the Option or portion thereof was
         exercisable at the date of such termination.

                  (b)      In the event the Optionee's employment as an
         employee, if any, and service as a Nonemployee Director or Nonemployee
         Affiliate Director, if any, terminate as a result of Disability, then
         the Optionee may at any time within one (1) year after such termination
         exercise such Option to the extent, and only to the extent, the Option
         or portion thereof was exercisable on the date of termination.

                  (c)      In the event an Optionee's employment as an employee,
         if any, and service as a Nonemployee Director or Nonemployee Affiliate
         Director, if any,

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         terminate for Cause, the Option shall terminate immediately and no
         rights thereunder may be exercised.

                  (d)      In the event an Optionee dies while a Nonemployee
         Director or Nonemployee Affiliate Director or an employee of the
         Company or any Subsidiary or within three (3) months after termination
         as described in clause (a) above of this Section 6.5 or within one (1)
         year after termination as a result of Disability as described in clause
         (b) above of this Section 6.5 or Retirement as described in clause (e)
         below of this Section 6.5, then the Option may be exercised at any time
         within one (1) year after the Optionee's death by the person or persons
         to whom the Optionee's rights pass by transfer or designation, as the
         case may be, pursuant to Section 7 of the Plan, or, absent such a
         transfer or designation, as the case may be, by the person or persons
         to whom such rights under the Option shall pass by will or the laws of
         descent and distribution; provided however, that an Option may be
         exercised to the extent, and only to the extent, that the Option or
         portion thereof was exercisable on the date of death or earlier
         termination.

                  (e)      In the event an Optionee's employment terminates as a
         result of Retirement, and he or she does not thereafter serve as a
         Nonemployee Director or Nonemployee Affiliate Director, then the
         Optionee may at any time within one (1) year after termination of
         service by reason of Retirement, exercise such Options to the extent,
         and only to the extent, the Options or portion thereof was exercisable
         at the date of such termination.

         For purposes of this Section 6.5, the terms Cause, Disability, and
Retirement shall have the following meanings: "Cause" means (1) any act of (A)
fraud or intentional misrepresentation, or (B) embezzlement, misappropriation or
conversion of assets or opportunities of the Company or any direct or indirect
Subsidiary or affiliate of the Company, or (2) willful violation of any law,
rule or regulation in connection with the performance of an Optionee's duties
(other than traffic violations or similar offenses), or (3) with respect to any
officer of the Company or any direct or indirect Subsidiary or affiliate of the
Company, commission of any act of moral turpitude or conviction of a felony.
"Disability" means a physical or mental infirmity which impairs the Optionee's
ability to perform substantially his or her duties for a period of one hundred
eighty (180) consecutive days. "Retirement" shall mean the attainment of "Early
Retirement Age" or "Normal Retirement Age" as these terms are defined in the
Countrywide Credit Industries, Inc. Defined Benefit Pension Plan.

         Notwithstanding the foregoing, (1) in no event may any Option be
exercised by anyone after the expiration of the term of the Option and (2) a
termination of service as a Nonemployee Director shall not be deemed to occur so
long as the director continues to serve the Company as a director emeritus.

         In the event of the death of any Optionee under this Plan, the term
"Optionee" shall thereafter be deemed to refer to the transferees under Section
7.1 hereof or the beneficiary or beneficiaries designated pursuant to Section
7.2 hereof, or, if no such transfer or designation is in effect, the person to
whom the Optionee's rights pass by will or applicable law, or, if no such person
has such right, then the executor or administrator of the estate of such
Optionee.

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         6.6      PAYMENT OF EXERCISE PRICE. The exercise price of an Option
shall be paid in the form of one or more of the following, as the Committee
shall specify, either through the terms of the Option Document or at the time of
exercise of an Option: (a) personal, certified or cashiers' check, (b) shares of
capital stock of the Company that have been held by the Participant for such
period of time as the Committee may specify, (c) other property deemed
acceptable by the Committee, or (d) any combination of (a) through (c). Any
Shares transferred to the Company as payment of the purchase price under an
Option shall be valued at their Fair Market Value on the day preceding the date
of exercise of such Option. If requested by the Committee, the Optionee shall
deliver the Option Document to the Secretary of the Company who shall endorse
thereon a notation of such exercise and return such Option Document to the
Optionee. No fractional Shares (or cash in lieu thereof) shall be issued upon
exercise of an Option and the number of Shares that may be purchased upon
exercise shall be rounded to the nearest number of whole Shares.

         6.7      REPRICING. Without the approval of stockholders, the Company
shall not reprice any Options. For purposes of this Plan, the term "reprice"
shall mean lowering the exercise price of previously awarded Options within the
meaning of Item 402(i) under Securities and Exchange Commission Regulation S-K
(including canceling previously awarded Options and regranting them with a lower
exercise price).

         6.8      RIGHTS OF OPTIONEE. No Optionee shall be deemed for any
purpose to be the owner of any Shares subject to any Option unless and until (1)
the Option shall have been exercised pursuant to the terms thereof, (2) the
Company shall have issued and delivered the Shares to the Optionee and (3) the
Optionee's name shall have been entered as a stockholder of record on the books
of the Company. Thereupon, the Optionee shall have full voting, dividend and
other ownership rights with respect to such Shares.

          SECTION 7. OTHER PROVISIONS APPLICABLE TO OPTIONS

         7.1      TRANSFERABILITY. Unless the Option Document (or an amendment
thereto authorized by the Committee) expressly states that the Option is
transferable as provided hereunder, no Option granted under this Plan, nor any
interest in such Option, may be sold, assigned, conveyed, gifted, pledged,
hypothecated or otherwise transferred in any manner prior to the vesting or
lapse of any and all restrictions applicable thereto, other than pursuant to the
beneficiary designation form described in Section 7.2 hereof or by will or the
laws of descent and distribution or pursuant to a qualified domestic relations
order, as defined in the Code or Title I of the Employee Retirement Income
Security Act of 1974, as amended. With respect to an Option that is not intended
to qualify as an ISO, the Committee may grant such Option or amend such an
outstanding Option to provide that the Option is transferable or assignable (i)
to a member or members of the Participant's "immediate family," as such term is
defined in Rule 16a-1(e) under the Exchange Act, (ii) to a trust for the benefit
solely of a member or members of the Participant's immediate family, (iii) to a
partnership or other entity whose only owners are members of the Participant's
immediate family, provided the instrument of transfer is approved by the
Company's Administrative Committee of Employee Benefits, Options so transferred
are not again transferable other than by will or by the laws of descent and
distribution, and that following any such transfer or assignment the Option will
remain subject to substantially the same terms applicable to the Option while
held by the Participant, as modified as the Committee shall determine

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appropriate, and the transferee shall execute an agreement agreeing to be bound
by such terms.

         7.2      DESIGNATION OF BENEFICIARIES. An Optionee hereunder may file
with the Company a written designation of a beneficiary or beneficiaries under
this Plan and may from time to time revoke or amend any such designation
("Beneficiary Designation"). Any designation of beneficiary under this Plan
shall be controlling over any other disposition, testamentary or otherwise;
provided, however that if the Committee is in doubt as to the entitlement of any
such beneficiary to any Option, the Committee may determine to recognize only
the legal representative of the Optionee in which case the Company, the
Committee and the members thereof shall not be under any further liability to
anyone.

         7.3      DIVIDENDS. Unless otherwise provided by the Committee, no
adjustment shall be made in Shares issuable under Options on account of cash
dividends that may be paid or other rights that may be issued to the holders of
Shares prior to their issuance under any Option. No dividends or dividend
equivalent amounts shall be paid to any Participant with respect to the Shares
subject to any Option under the Plan.

         7.4      DOCUMENTS EVIDENCING OPTIONS. The Committee shall, subject to
applicable law, determine the date an Option is deemed to be granted, which for
purposes of this Plan shall not be affected by the fact that an Option is
contingent on subsequent stockholder approval of this Plan. The Committee or,
except to the extent prohibited under applicable law, its delegate(s) may
establish the terms of agreements or other documents evidencing Options under
this Plan and may, but need not, require as a condition to any such agreement's
or document's effectiveness that such agreement or document be executed by the
Participant and that such Participant agree to such further terms and conditions
as specified in such agreement or document. The grant of an Option under this
Plan shall not confer any rights upon the Participant holding such Option other
than such terms, and subject to such conditions, as are specified in this Plan
as being applicable to such type of Option (or to all Options) or as are
expressly set forth in the agreement or other document evidencing such Option.

         7.5      FINANCING. The Committee may in its discretion, and to the
extent permitted by applicable law, provide financing to a Participant in a
principal amount sufficient to pay the purchase price of any Option and/or to
pay the amount of taxes required by law to be withheld with respect to any
Option. Any such loan shall be subject to all applicable legal requirements and
restrictions pertinent thereto, including Regulation G promulgated by the
Federal Reserve Board. The grant of an Option shall in no way obligate the
Company or the Committee to provide any financing whatsoever in connection
therewith.

         7.6      ISO LIMITS. The aggregate Fair Market Value (determined as of
the date of grant) of Shares underlying an Option intended to qualify as an ISO,
with respect to which the ISO is exercisable for the first time by the Optionee
during any calendar year (under this Plan and all other stock option plans of
the Company and its parent and subsidiary corporations) shall not exceed
$100,000.

          SECTION 7A. RESTRICTED STOCK

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         7A.1     GRANT. The Committee may grant Restricted Stock to Eligible
Persons which shall be evidenced by an Award Document between the Company and
the person to whom Restricted Stock has been granted (the "Award Holder"). Each
Award Document shall contain such restrictions, terms and conditions as the
Committee may, in its discretion, determine and (without limiting the generality
of the foregoing) such Award Documents may provide for the deferred delivery of
the Shares beyond the date on which such Awards are no longer subject to a risk
of forfeiture and may require that an appropriate legend be placed on Share
certificates. Unless otherwise provided in an Award Document, Awards whose
restrictions have not lapsed shall be forfeited upon the Award Holder's
termination of employment with the Company and its Subsidiaries, service as a
Nonemployee Affiliate Director, and service as a Nonemployee director of the
Company and its Subsidiaries. Awards granted under this Section 7A.1 shall be
subject to the terms and provisions set forth below in this Section 7A.

         7A.2     RIGHTS OF AWARD HOLDER. Subject to the applicability of any
effective deferral election, shares of Restricted Stock granted hereunder shall
be issued in the name of the Award Holder as soon as reasonably practicable
after the grant is made provided that the Award Holder has executed an Award
Document evidencing the grant and, in the discretion of the Committee, any other
documents which the Committee may require as a condition to the issuance of such
Shares. If an Award Holder shall fail to execute the Award Document evidencing
an Award, or any documents which the Committee may require within the time
period prescribed by the Committee at the time the Award is granted, the Award
shall be null and void. At the discretion of the Committee, Shares issued in
connection with an Award shall be deposited with an escrow agent (which may be
the Company) designated by the Committee. Unless the Committee determines
otherwise and as set forth in the Award Document, upon delivery of the Shares to
the escrow agent, the Award Holder shall have all of the rights of a stockholder
with respect to such Shares, including the right to vote the Shares and to
receive all dividends or other distributions paid or made with respect to the
Shares.

         7A.3     NON-TRANSFERABILITY. Until all restrictions (including without
limitation any applicable deferral elections) upon the Shares of Restricted
Stock awarded to an Award Holder shall have lapsed in the manner set forth in
Section 7A.4, such Shares shall not be sold, transferred or otherwise disposed
of and shall not be pledged or otherwise hypothecated.

         7A.4     LAPSE OF RESTRICTIONS. Subject to Section 9 hereof,
restrictions upon Shares of Restricted Stock awarded hereunder shall lapse over
a period of at least three years or at such other time or times and on such
other terms and conditions as the Committee may determine. The Award Document
evidencing the Award shall set forth any such restrictions.

         7A.5     TREATMENT OF DIVIDENDS. At the time an Award of Shares of
Restricted Stock is granted, the Committee may, in its discretion, determine
that the payment to the Award Holder of dividends, or dividend equivalents with
respect to Unit Awards (defined below), or a specified portion thereof, declared
or paid on such Shares by the Company shall be (a) deferred until the lapsing of
the restrictions imposed upon such Shares and (b) held by the Company for the
account of the Award Holder until such time. In the event that dividends, or
dividend equivalents, are to be deferred, the Committee shall determine whether
such dividends are to be reinvested in Shares (which shall be held as additional
Shares of

<PAGE>

Restricted Stock, Restricted Stock Units or Stock Units) or held in cash. If
deferred dividends are to be held in cash, there may be credited at the end of
each year (or portion thereof) interest on the account at the beginning of the
year at a rate per annum as the Committee, in its discretion, may determine.
Subject to the applicability of any effective deferral election, payment of
deferred dividends in respect of Shares of Restricted Stock (whether held in
cash or as additional Shares of Restricted Stock), together with interest
accrued thereon, if any, shall be made upon the lapsing of restrictions imposed
on the Shares in respect of which the deferred dividends were paid, and any
dividends deferred (together with any interest accrued thereon) in respect of
any Shares of Restricted Stock shall be forfeited upon the forfeiture of such
Shares.

         7A.6     DELIVERY OF SHARES. Subject to the applicability of any
effective deferral election, upon the lapse of the restrictions on Shares of
Restricted Stock, the Committee shall cause a stock certificate to be delivered
to the Award Holder with respect to such Shares, free of all restrictions
hereunder.

         7A.7     RESTRICTED STOCK UNITS AND STOCK UNITS. A Restricted Stock
Unit Award means the grant of a right to receive Shares in the future, with such
right to future delivery of such Shares subject to a risk of forfeiture or other
restrictions that will lapse upon the achievement of goals relating to the
completion of service or other objectives, as determined by the Committee. A
Stock Unit is the right to receive Shares in the future which are no longer
subject to the risk of forfeiture, but are not yet deliverable to the
Participant With the prior approval of the Committee, a Participant may elect to
receive Restricted Stock Units in lieu of receiving Restricted Stock Awards or
Stock Units in lieu of certain approved cash remunerations (generally "Unit
Awards").

          SECTION 8. CHANGES IN CAPITAL STRUCTURE

         8.1      CORPORATE ACTIONS UNIMPAIRED. The existence of outstanding
Awards shall not affect in any way the right or power of the Company or its
stockholders to make or authorize any or all adjustments, recapitalizations,
reorganizations, other changes in the Company's capital structure or its
business, or any merger or consolidation of the Company, or any issuance of
common stock or other securities or subscription rights thereto, or any issuance
of bonds, debentures, preferred or prior preference stock ahead of or affecting
the common stock or the rights thereof, or the dissolution or liquidation of the
Company, or any sale or transfer of all or any part of its assets or business,
or any other corporate act or proceeding, whether of a similar character or
otherwise. Further, except as herein expressly provided, (i) the issuance by the
Company of shares of stock of any class of securities convertible into shares of
stock of any class, for cash, property, labor or services, upon direct sale,
upon the exercise of rights or warrants to subscribe therefore, or upon
conversion of shares or obligations of the Company convertible into such shares
or other securities, (ii) the payment of a dividend in property other than
common stock, or (iii) the occurrence of any similar transaction, and in any
case whether or not for fair value, shall not affect, and no adjustment by
reason thereof shall be made with respect to, the number of shares of Restricted
Stock, or common stock subject to Options theretofore granted or the purchase
price per share, unless the Committee shall determine in its sole discretion
that an adjustment is necessary to provide equitable treatment to Participant.

<PAGE>

         8.2      ADJUSTMENTS UPON CERTAIN EVENTS. If the outstanding shares of
common stock or other securities of the Company, or both, for which the
restrictions upon Restricted Stock have lapsed or for which an Option is then
exercisable or as to which an Option is to be settled shall at any time be
changed or exchanged by declaration of a stock dividend, stock split or reverse
stock split, combination of shares, recapitalization, or reorganization, the
Committee shall appropriately and equitably adjust the number and kind of shares
of common stock or other securities which are subject to the Plan or subject to
any Awards theretofore granted, including the exercise or settlement prices of
Options, so as to maintain the proportionate number of shares or other
securities without changing the aggregate exercise or settlement price;
provided, however, that such adjustment shall be made only to the extent that
such adjustment will not affect the status of an Option intended to qualify as
an ISO or as "performance based compensation" under Code Section 162(m). If the
Company recapitalizes or otherwise changes its capital structure, or merges,
consolidates, sells all of its assets or dissolves (each of the foregoing a
"Fundamental Change"), then thereafter upon the lapse of any restrictions upon
Restricted Stock or any exercise of Options theretofore granted, the Participant
shall be entitled, in the case of Restricted Stock, to the number of shares or,
in the case of Options, to purchase under such Options, in lieu of the number of
shares of common stock as to which such Options shall then be exercisable, the
number and class of shares of stock, securities, cash, property or other
consideration to which the Participant would have been entitled pursuant to the
terms of the Fundamental Change if, immediately prior to such Fundamental
Change, the Participant had been the holder of record of the number of shares of
Restricted Stock or, as applicable, common stock as to which Options is then
exercisable.

          SECTION 9. CHANGE OF CONTROL

         9.1      CREATED BY CRYSTAL E. WRIGHT DEFINITIONS. The term "Corporate
Change" shall mean the occurrence of any one of the following events:

                  (a)      An acquisition (other than directly from the Company)
         of any common stock or other "Voting Securities" (as hereinafter
         defined) of the Company by any "Person" (as the term person is used for
         purposes of Section 13(d) or 14(d) of the Exchange Act), immediately
         after which such Person has "Beneficial Ownership" (within the meaning
         of Rule 13d-3 promulgated under the Exchange Act) of twenty five
         percent (25%) or more of the then outstanding shares of the Company's
         common stock or the combined voting power of the Company's then
         outstanding Voting Securities; provided, however, in determining
         whether a Corporate Change has occurred, Voting Securities which are
         acquired in a "Non-Control Acquisition" (as hereinafter defined) shall
         not constitute an acquisition which would cause a Corporate Change. For
         purposes of this Plan, (A) "Voting Securities" shall mean the Company's
         outstanding voting securities entitled to vote generally in the
         election of directors and (B) a "Non-Control Acquisition" shall mean an
         acquisition by (i) an employee benefit plan (or a trust forming a part
         thereof) maintained by (x) the Company or (y) any corporation or other
         Person of which a majority of its voting power or its voting equity
         securities or equity interest is owned, directly or indirectly, by the
         Company (for purposes of this definition, a "Subsidiary"), (ii) the
         Company or

<PAGE>

         any of its Subsidiaries, or (iii) any Person in connection with a
         "Non-Control Transaction" (as hereinafter defined);

                  (b)      During any period of twenty four (24) consecutive
         months, individuals who at the beginning of such period constitute the
         Board (the "Incumbent Board") cease for any reason to constitute at
         least two-thirds of the members of the Board; provided, however, that
         if the election, or nomination for election by the Company's common
         stockholders, of any new director was approved by a vote of at least
         two-thirds of the Incumbent Board, such new director shall, for
         purposes of this Agreement, be considered as a member of the Incumbent
         Board; provided, however, that no individual shall be considered a
         member of the Incumbent Board if such individual initially assumed
         office as a result of either an actual or threatened "Election Contest"
         (as described in Rule 14a-11 promulgated under the Exchange Act) or
         other actual or threatened solicitation of proxies or consents by or on
         behalf of a Person other than the Board (a "Proxy Contest") including
         by reason of any agreement intended to avoid or settle any Election
         Contest or Proxy Contest; or

                  (c)      The consummation of:

                           (i)      A merger, consolidation or reorganization
                  involving the Company, unless such merger, consolidation or
                  reorganization is a "Non-Control Transaction." A "Non-Control
                  Transaction" shall mean a merger, consolidation or
                  reorganization of the Company where:

                                    (A)      the stockholders of the Company,
                           immediately before such merger, consolidation or
                           reorganization, own directly or indirectly
                           immediately following such merger, consolidation or
                           reorganization, at least seventy percent (70%) of the
                           combined voting power of the outstanding Voting
                           Securities of the corporation resulting from such
                           merger, consolidation or reorganization (the
                           "Surviving Corporation") in substantially the same
                           proportion as their ownership of the Voting
                           Securities immediately before such merger,
                           consolidation or reorganization;

                                    (B)      the individuals who were members of
                           the Incumbent Board immediately prior to the
                           execution of the agreement providing for such merger,
                           consolidation or reorganization constitute at least
                           two-thirds of the members of the board of directors
                           of the Surviving Corporation, or in the event that,
                           immediately following the consummation of such
                           transaction, a corporation beneficially owns,
                           directly or indirectly, a majority of the Voting
                           Securities of the Surviving Corporation, the board of
                           directors of such corporation; and

                                    (C)      no Person other than (w) the
                           Company, (x) any Subsidiary, (y) any employee benefit
                           plan (or any trust forming a part thereof) maintained
                           by the Company, the Surviving Corporation, or any
                           Subsidiary, or (z) any Person who, immediately prior
                           to such merger, consolidation or reorganization had
                           Beneficial Ownership of

<PAGE>

                           twenty five percent (25%) or more of the then
                           outstanding Voting Securities or common stock of the
                           Company, has Beneficial Ownership of twenty five
                           percent (25%) or more of the combined voting power of
                           the Surviving Corporation's then outstanding Voting
                           Securities or its common stock;

                           (ii)     A complete liquidation or dissolution of the
                  Company; or

                           (iii)    The sale or other disposition of all or
                  substantially all of the assets of the Company to any Person
                  (other than a transfer to a Subsidiary).

         Notwithstanding the foregoing, a Corporate Change shall not be deemed
to occur solely because any Person (the "Subject Person") acquired Beneficial
Ownership of more than the permitted amount of the then outstanding common stock
or Voting Securities as a result of the acquisition of common stock or Voting
Securities by the Company which, by reducing the number of shares of common
stock or Voting Securities then outstanding, increases the proportional number
of shares Beneficially Owned by the Subject Persons; provided, however, that if
a Corporate Change would occur (but for the operation of this sentence) as a
result of the acquisition of common stock or Voting Securities by the Company,
and after such share acquisition by the Company, the Subject Person becomes the
Beneficial Owner of any additional common stock or Voting Securities which
increases the percentage of the then outstanding common stock or Voting
Securities Beneficially Owned by the Subject Person, then a Corporate Change
shall occur.

         9.2      EFFECT OF CORPORATE CHANGE. Notwithstanding anything contained
in the Plan or an Option Document to the contrary, in the event of a Corporate
Change:

                  (d)      (1) all Options outstanding on the date of such
         Corporate Change shall become immediately and fully exercisable and (2)
         an Optionee shall be permitted to surrender for cancellation within
         sixty (60) days after such Corporate Change, any Option or portion of
         an Option to the extent not yet exercised and the Optionee will be
         entitled to receive a cash payment in an amount equal to the excess, if
         any of (x) (A) in the case of an Option not intended to qualify as an
         ISO, the greater of (i) the Fair Market Value, on the date preceding
         the date of surrender of the Shares subject to the Option or portion
         thereof surrendered, or (ii) the Adjusted Fair Market Value of the
         Shares subject to the Option or portion thereof surrendered or (B) in
         the case of an ISO, the Fair Market Value, on the date preceding the
         date of surrender, of the Shares subject to the Option or portion
         thereof surrendered, over (y) the aggregate purchase price for such
         Shares under the Option or portion thereof surrendered; provided
         however, that in the case of an Option granted within six (6) months
         prior to the Corporate Change to any Optionee who may
         be subject to liability under Section 16(b) of the Exchange Act, such
         Optionee shall be entitled to surrender for cancellation his or her
         Option during the sixty (60) day period commencing upon the expiration
         of six (6) months from the date of grant of any such Option. For
         purposes of this Section 9.2, the "Adjusted Fair Market Value" means
         the greater of (1) the highest price per Share paid to holders of the
         Shares in any transaction (or series of transactions) constituting or
         resulting in a Corporate Change or (2) the highest Fair

<PAGE>

         Market Value of a Share during the ninety (90) day period ending on the
         date of the Corporate Change.

                  (e)      Unless the Committee shall determine otherwise at the
         time of the grant of an Award, the restrictions upon Shares of
         Restricted Stock shall lapse upon a Corporate Change. The Award
         Document evidencing the Award shall set forth any such provision.

          SECTION 10. TAXES

         10.1     WITHHOLDING TAXES. The Company shall have the right to deduct
from any distribution of cash to any Optionee, an amount equal to the federal,
state and local income taxes and other amounts as my be required by law to be
withheld (the "Withholding Taxes") with respect to any Option. If an Optionee is
entitled to receive Shares upon exercise of an Option, the Optionee shall pay
the Withholding Taxes to the Company prior to the issuance, or release from
escrow, of such Shares. If an Optionee makes a disposition, within the meaning
of Code Section 424(c), of any Share or Shares issued pursuant to the exercise
of an incentive stock option within the two-year period commencing on the day
after the date of the grant or within a one-year period commencing on the day
after the date of transfer of such Share or Shares to the Optionee pursuant to
such exercise, the Optionee shall within ten (10) days of such disposition,
notify the Company thereof, by delivery of written notice to the Company at its
principal executive office, and immediately deliver to the Company the amount of
Withholding Taxes. At such time as an Award Holder who is an employee recognizes
taxable income in connection with the receipt of Shares hereunder (a "Taxable
Event"), the Award Holder shall pay to the Company an amount equal to the
federal, state and local income taxes and other amounts as may be required by
law to be withheld by the Company in connection with the Taxable Event prior to
the issuance, or release from escrow, of such Shares.

         10.2     PAYMENT OF WITHHOLDING TAXES. Notwithstanding the terms of
Section 10.1, the Committee may provide in an Award Document or otherwise that
all or any portion of the taxes required to be withheld by the Company or, if
permitted by the Committee, desired to be paid by the Participant, in connection
with the exercise of a Nonqualified Option or lapse of restrictions on
Restricted Stock, but in no event to exceed the supplemental tax rate for
withholding tax purposes, at the election of the Participant, may be paid by the
Company by withholding shares of the Company's capital stock otherwise issuable
or subject to an Option, or by the Participant delivering previously owned
shares of the Company's capital stock, in each case having a Fair Market Value
equal to the amount required or elected to be withheld or paid. Any such
election is subject to such conditions or procedures as may be established by
the Committee and may be subject to disapproval by the Committee. It is the
Company's intent that this provision shall in any event be administered in a
manner that does not result in variable accounting treatment of Option grants.

          SECTION 11. AMENDMENTS OR TERMINATION

<PAGE>

         The Board may amend, alter or discontinue this Plan or an Award
Document made under this Plan at any time, but except as provided pursuant to
the anti-dilution adjustment provisions of Section 8 hereof, no such amendment
shall, without the approval of the stockholders of the Company:

                  (a)      increase the maximum number of shares of common stock
         for which Awards may be granted under this Plan;

                  (b)      reduce the price at which Options may be granted
         below the price provided for in Section 6.2;

                  (c)      reduce the exercise price of outstanding Options;

                  (d)      extend the term of this Plan;

                  (e)      change the class of persons eligible to be
         Participants; or

                  (f)      increase the number of shares subject to Nonemployee
         Director Options granted to a Nonemployee Director above the number
         approved by stockholders pursuant to Section 6.8.

Notwithstanding the foregoing provisions of this Section 11, except as provided
in Sections 8 and 9 hereof, rights and obligations under any Award granted
before any amendment or termination of the Plan shall not be adversely altered
or impaired by such amendment or termination, except with the consent of the
Award Holder, nor shall any amendment or termination deprive any Award Holder of
any Shares which he or she may have acquired through or as a result the Plan.

          SECTION 12. COMPLIANCE WITH OTHER LAWS AND REGULATIONS

         This Plan, the grant and, as applicable, exercise of Awards thereunder,
and the obligation of the Company to sell, issue or deliver Shares under such
Awards, shall be subject to all applicable federal, state and foreign laws,
rules and regulations and to such approvals by any governmental or regulatory
agency as may be required. The Company shall not be required to register in a
Participant's name or deliver any Shares prior to the completion of any
registration or qualification of such Shares under any federal, state or foreign
law or any ruling or regulation of any government body which the Committee shall
determine to be necessary or advisable.

         No restrictions upon Restricted Stock shall lapse, and no Option shall
be exercisable, unless a registration statement with respect to the Award is
effective or the Company has determined that such registration is unnecessary.
Unless the Awards and Shares covered by this Plan have been registered under the
Securities Act of 1933, as amended, or the Company has determined that such
registration is unnecessary, each person receiving an Award and/or Shares
pursuant to any Award may be required by the Company to give a representation in
writing that such person is acquiring such Shares for his or her own account for
investment and not with a view to, or for sale in connection with, the
distribution of any part thereof.

<PAGE>

         The Plan and Nonemployee Director Options are intended to comply with
Rule 16b-3 promulgated under the Exchange Act and the Committee shall interpret
and administer the provisions of the Plan or Option Document in a manner
consistent therewith. Any provisions of the Plan inconsistent therewith shall be
inoperative and shall not affect the validity of the Plan. Unless otherwise
expressly stated in the relevant Option Document, each Option granted under the
Plan is intended to qualify as performance-based compensation within the meaning
of Code Section 162(m)(4)(C).

          SECTION 13. OPTION GRANTS BY SUBSIDIARIES

         In the case of a grant of an Award to any eligible Employee employed by
a Subsidiary, such grant may, if the Committee so directs, be implemented by the
Company issuing any subject shares to the Subsidiary, for such lawful
consideration as the Committee may determine, upon the condition or
understanding that the Subsidiary will transfer the shares to the Award Holder
in accordance with the terms of the Award specified by the Committee pursuant to
the provisions of the Plan. Notwithstanding any other provision hereof, such
Award may be issued by and in the name of the Subsidiary and shall be deemed
granted on such date as the Committee shall determine.

          SECTION 14. NO RIGHT TO COMPANY EMPLOYMENT

         Nothing in this Plan or as a result of any Award granted pursuant to
this Plan shall confer on any individual any right to continue in the employ of
the Company or interfere in any way with the right of the Company to terminate
an individual's employment at any time. The Award Documents may contain such
provisions as the Committee may, in its discretion, approve with reference to
the effect of approved leaves of absence.

          SECTION 15. LIABILITY OF COMPANY

         The Company and any affiliate which is in existence or hereafter comes
into existence shall not be liable to a Participant, an Eligible Person or other
persons as to:

                  (a)      The Non-Issuance of Shares. The non-issuance or sale
         of Shares as to which the Company has been unable to obtain from any
         regulatory body having jurisdiction the authority deemed by the
         Company's counsel to be necessary to the lawful issuance and sale of
         any Shares hereunder; and

                  (b)      Tax Consequences. Any tax consequence expected, but
         not realized, by any Participant, Eligible Person or other person due
         to the receipt, exercise or settlement of any Awards granted hereunder.

          SECTION 16. EFFECTIVENESS AND EXPIRATION OF PLAN

         This Plan shall be effective on the date the Company's stockholders
adopt this Plan. All Awards granted under this Plan are subject to, and Options
may not be exercised before, the approval of this Plan by the stockholders prior
to the first anniversary date of the effective date of this Plan, by the
affirmative vote of the holders of a majority of the outstanding shares of the
Company present, or represented by proxy, and entitled to vote, at a meeting of
the

<PAGE>

Company's stockholders or by written consent in accordance with the laws of the
State of Delaware; provided that if such approval by the stockholders of the
Company is not forthcoming, all Awards previously granted under this Plan shall
be void. No Awards shall be granted pursuant to this Plan more than ten (10)
years after the effective date of this Plan.

          SECTION 17. NON-EXCLUSIVITY OF PLAN

         Neither the adoption of this Plan by the Board nor the submission of
this Plan to the stockholders of the Company for approval shall be construed as
creating any limitations on the power of the Board or the Committee to adopt
such other incentive arrangements as either may deem desirable, including
without limitation, the granting of Awards otherwise than under this Plan, and
such arrangements may be either generally applicable or applicable only in
specific cases.

          SECTION 18. GOVERNING LAW

         This Plan and any agreements or other documents hereunder shall be
interpreted and construed in accordance with the laws of the State of Delaware
and applicable federal law. The Committee may provide that any dispute as to any
Award shall be presented and determined in such forum as the Committee may
specify, including through binding arbitration. Any reference in this Plan or an
Award Document to a provision of law or to a rule or regulation shall be deemed
to include any successor law, rule or regulation of similar effect.

         IN WITNESS WHEREOF, the Company has caused this 2000 Equity Incentive
Plan to be executed by its duly authorized officer this 1st day of January,
2004.

                                              Countrywide Financial Corporation

                                              By: /s/ Thomas H. Boone
                                                  ------------------------------
                                                  Thomas H. Boone
                                                  Senior Managing Director,
                                                  Chief Administrative Officer