UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                              --------------------

                                    FORM 10-K

                                  ANNUAL REPORT
                        PURSUANT TO SECTIONS 13 OR 15(d)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                                   (Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

         For the fiscal year ended:   December 31, 2007
                                      -----------------

                                       or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

         For the transition period from               to
                                        -------------    -------------

             Commission file number of Issuing Entity: 333-132375-19
                                                       -------------

             CWHEQ Revolving Home Equity Loan Trust, Series 2007-B,
          Revolving Home Equity Loan Asset Backed Notes, Series 2007-B
          ------------------------------------------------------------
           (Exact name of Issuing Entity as Specified in Its Charter)

                 Commission file number of Depositor: 333-132375
                                                      ----------

                                   CWHEQ, Inc.
                                   -----------
              (Exact name of Depositor as Specified in Its Charter)

                          Countrywide Home Loans, Inc.
                          ----------------------------
               (Exact name of Sponsor as Specified in Its Charter)

              Delaware                                      87-0698310
------------------------------------            --------------------------------
(State or Other Jurisdiction of                 (I.R.S. Employer Identification
Incorporation or Organization of                No. of   the Depositor)
the Depositor)

c/o  Countrywide Home Loans, Inc.
     4500 Park Granada
         Calabasas, California                                 91302
-----------------------------------------------    -----------------------------
(Address of Principal Executive Offices                     (Zip Code)
of the Depositor)

Registrant's telephone number, including area code:   (818) 225-3000
                                                      --------------

Securities registered pursuant to Section 12(b) of the Act:  None
                                                             ----

Securities registered pursuant to Section 12(g) of the Act:  None
                                                             ----

<PAGE>

      Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act.                    [ ] Yes  [X] No

     Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.              [ ] Yes  [X] No

      Indicate by check mark whether the registrant: (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.                        [ ] Yes  [X] No

      Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (ss.229.405 of this chapter) is not contained herein, and
will not be contained, to the best of registrant's knowledge, in definitive
proxy or information statements incorporated by reference in Part III of this
Form 10-K or any amendment to this Form 10-K.                                [X]

      Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, or a non-accelerated filer. See definition of
"accelerated filer and large accelerated filer" in Rule 12b-2 of the Exchange
Act. (Check one):

Large Accelerated Filer [ ]    Accelerated Filer [ ]   Non-Accelerated Filer [X]

      Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Exchange Act).                      [ ] Yes  [X] No

      The Registrant has no voting or non-voting common equity held by
non-affiliates.



                                       2
<PAGE>

                       DOCUMENTS INCORPORATED BY REFERENCE

                                      None.

                                  *     *     *


      This Annual Report on Form 10-K (the "Report") is filed with respect to
the trust entitled CWHEQ Revolving Home Equity Loan Trust, Series 2007-B (the
"Issuing Entity"), a statutory trust formed under the laws of the State of
Delaware pursuant to the trust agreement dated as of March 28, 2007 (the "Trust
Agreement") between CWHEQ, Inc., as depositor (the "Company"), and Wilmington
Trust Company, as owner trustee, in connection with the issuance of Revolving
Home Equity Loan Asset Backed Notes, Series 2007-B (the "Notes"), issued
pursuant to an indenture, dated March 30, 2007 (the "Indenture"), between the
Issuing Entity and The Bank of New York, as indenture trustee (the "Trustee").
The assets of the Issuing Entity are comprised of assets sold to the Issuing
Entity pursuant to a sale and servicing agreement, dated March 30, 2007 (the
"Sale and Servicing Agreement") among the Company, as depositor, Countrywide
Home Loans, Inc., as sponsor and master servicer (the "Sponsor" and the "Master
Servicer"), the Issuing Entity and the Trustee, as indenture trustee.



                                       3
<PAGE>

                                     PART I


Item 1.     Business.

            Omitted as permitted by Instruction J to Form 10-K.

Item 1A.    Risk Factors.

            Omitted as permitted by Instruction J to Form 10-K.

Item 1B.    Unresolved Staff Comments.

            Not Applicable.

Item 2.     Properties.

            Omitted as permitted by Instruction J to Form 10-K.

Item 3.     Legal Proceedings.

            Omitted as permitted by Instruction J to Form 10-K.

Item 4.     Submission of Matters to a Vote of Security Holders.

            Omitted as permitted by Instruction J to Form 10-K.



                                       4
<PAGE>

                                     PART II


Item 5.     Market for Registrant's Common Equity, Related Stockholder Matters
            and Issuer Purchases of Equity Securities.

            Omitted as permitted by Instruction J to Form 10-K.

Item 6.     Selected Financial Data.

            Omitted as permitted by Instruction J to Form 10-K.

Item 7.     Management's Discussion and Analysis of Financial Condition and
            Results of Operations.

            Omitted as permitted by Instruction J to Form 10-K.

Item 7A.    Quantitative and Qualitative Disclosures about Market Risk.

            Omitted as permitted by Instruction J to Form 10-K.

Item 8.     Financial Statements and Supplementary Data.

            Omitted as permitted by Instruction J to Form 10-K.

Item 9.     Changes in and Disagreements With Accountants on Accounting and
            Financial Disclosure.

            Omitted as permitted by Instruction J to Form 10-K.

Item 9A.    Controls and Procedures.

            Omitted as permitted by Instruction J to Form 10-K.

Item 9B.    Other Information.

            None.



                                       5
<PAGE>

                                    PART III


Item 10.    Directors, Executive Officers and Corporate Governance.

            Omitted as permitted by Instruction J to Form 10-K.

Item 11.    Executive Compensation.

            Omitted as permitted by Instruction J to Form 10-K.

Item 12.    Security Ownership of Certain Beneficial Owners and Management and
            Related Stockholder Matters.

            Omitted as permitted by Instruction J to Form 10-K.

Item 13.    Certain Relationships and Related Transactions, and Director
            Independence.

            Omitted as permitted by Instruction J to Form 10-K.

Item 14.    Principal Accountant Fees and Services.

            Omitted as permitted by Instruction J to Form 10-K.



                                       6
<PAGE>

                                     PART IV


Item 15.    Exhibits and Financial Statement Schedules.

            (a)   (1) Not applicable.

                  (2)   Not applicable.

                  (3)   The required exhibits are as follows:

                        o     Exhibit 3(i): Copy of Company's Certificate of
                              Incorporation (Filed as Exhibit 3.1 to
                              Registration Statement on Form S-3 (File No.
                              333-121378))

                        o     Exhibit 3(ii): Copy of Company's By-laws (Filed as
                              Exhibit 3.2 to Registration Statement on Form S-3
                              (File No. 333-121378))

                        o     Exhibit 4.1: Sale and Servicing Agreement (Filed
                              as part of the Current Report on Form 8-K filed on
                              April 16, 2007 under the Commission file number of
                              the Issuing Entity)

                        o     Exhibit 4.2: Indenture (Filed as part of the
                              Current Report on Form 8-K filed on April 16, 2007
                              under the Commission file number of the Issuing
                              Entity)

                        o     Exhibit 31(ii): Rule 15d-14(d) Certification

                        o     Exhibit 33.1: Report on Assessment of Compliance
                              With Servicing Criteria for Asset-Backed
                              Securities for Countrywide Financial Corporation

                        o     Exhibit 33.2: Report on Assessment of Compliance
                              With Servicing Criteria for Asset-Backed
                              Securities for Treasury Bank, a division of
                              Countrywide Bank, FSB

                        o     Exhibit 33.3: Report on Assessment of Compliance
                              With Servicing Criteria for Asset-Backed
                              Securities for the Trustee

                        o     Exhibit 34.1: Attestation Report on Assessment of
                              Compliance With Servicing Criteria for
                              Asset-Backed Securities of KPMG LLP on behalf of
                              Countrywide Financial Corporation

                        o     Exhibit 34.2: Attestation Report on Assessment of
                              Compliance With Servicing Criteria for
                              Asset-Backed



                                       7
<PAGE>

                              Securities of KPMG LLP on behalf of Treasury Bank,
                              a division of Countrywide Bank, FSB

                        o     Exhibit 34.3: Attestation Report on Assessment of
                              Compliance With Servicing Criteria for
                              Asset-Backed Securities of KPMG LLP on behalf of
                              the Trustee

                        o     Exhibit 35: Servicer Compliance Statement of the
                              Master Servicer

            (b)   See subparagraph (a)(3) above.

            (c)   Not applicable.



                                       8
<PAGE>

                             ADDITIONAL INFORMATION


Item 1112(b) of Regulation AB.      Financial Information of Significant
                                    Obligors.

           Not Applicable.

Item 1114(b)(2) of Regulation AB.   Financial Information of Significant
                                    Enhancement Providers.

           Incorporated herein by reference to the consolidated financial
           statements of Financial Security Assurance Inc. and subsidiaries as
           of December 31, 2007 and December 31, 2006, and for each of the
           years in the three-year period ended December 31, 2007, which are
           included as Exhibit 99.1 in the Annual Report on Form 10-K of
           Financial Security Assurance Holdings Ltd., which was filed with the
           Securities and Exchange Commission on March 20, 2008 (Securities and
           Exchange Commission File No. 001-12644).

Item 1115(b) of Regulation AB.      Financial Information of Certain Entities
                                    Providing Derivative Instruments.

           Not Applicable.

Item 1117 of Regulation AB.         Legal Proceedings.

           None.

Item 1119 of Regulation AB.         Affiliations and Certain Relationships and
                                    Related Transactions.

           The Sponsor, the Company, the Issuing Entity and the Master Servicer
           are affiliated parties. There are no other affiliated parties. There
           are currently no business relationships, agreements, arrangements,
           transactions or understandings between (a) the Sponsor, the Company
           or the Issuing Entity and (b) the Trustee, Swiss Re Financial
           Products Corporation or Financial Security Assurance Inc., or any of
           their affiliates, that were entered into outside the ordinary course
           of business or that contain terms other than would be obtained in an
           arm's length transaction with an unrelated third party and that are
           material to the investor's understanding of the Notes. No such
           business relationship, agreement, arrangement, transaction or
           understanding has existed during the past two years.

Item 1122 of Regulation AB.         Compliance with Applicable Servicing
                                    Criteria.

           See Exhibits 33.1, 33.2, 33.3, 34.1, 34.2 and 34.3 to this Form 10-K.

Item 1123 of Regulation AB.         Servicer Compliance Statement.

           See Exhibit 35 to this Form 10-K.



                                       9
<PAGE>

                                   SIGNATURES

      Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

         CWHEQ REVOLVING HOME EQUITY LOAN TRUST, SERIES 2007-B

                 By:  Countrywide Home Loans, Inc.,
                        as Master Servicer

                      By: /s/ Steve Bailey
                          -----------------------------------
                          Name:  Steve Bailey
                          Title: Senior Managing Director, Chief Executive
                                 Officer Loan Administration
                                 (Senior officer in charge of the servicing
                                 function of Countrywide Home Loans, Inc.)

                                 Date:  March 27, 2008



                                       10
<PAGE>

      SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.

      No annual report, proxy statement, form of proxy or other proxy soliciting
material with respect to the Issuing Entity or the Depositor has been, or will
be, sent to security holders.



                                       11
<PAGE>

                                  EXHIBIT INDEX


Exhibit     Document
-------     --------

3(i)        Company's Certificate of Incorporation (Filed as Exhibit 3.1 to
            Registration Statement on Form S-3 (File No. 333-121378))*

3(ii)       Company's By-laws (Filed as Exhibit 3.2 to Registration Statement on
            Form S-3 (File No. 333-121378)*

4.1         Sale and Servicing Agreement (Filed as part of the Current Report on
            Form 8-K filed on April 16, 2007 under the Commission file number of
            the Issuing Entity)*

4.2         Indenture (Filed as part of the Current Report on Form 8-K filed on
            April 16, 2007 under the Commission file number of the Issuing
            Entity)*

31(ii)      Rule 15d-14(d) Certification

33.1        Report on Assessment of Compliance With Servicing Criteria for
            Asset-Backed Securities for Countrywide Financial Corporation

33.2        Report on Assessment of Compliance With Servicing Criteria for
            Asset-Backed Securities for Treasury Bank, a division of Countrywide
            Bank, FSB

33.3        Report on Assessment of Compliance With Servicing Criteria for
            Asset-Backed Securities for the Trustee

34.1        Attestation Report on Assessment of Compliance With Servicing
            Criteria for Asset-Backed Securities of KPMG LLP on behalf of
            Countrywide Financial Corporation

34.2        Attestation Report on Assessment of Compliance With Servicing
            Criteria for Asset-Backed Securities of KPMG LLP on behalf of
            Treasury Bank, a division of Countrywide Bank, FSB

34.3        Attestation Report on Assessment of Compliance With Servicing
            Criteria for Asset-Backed Securities of KPMG LLP on behalf of the
            Trustee

35          Servicer Compliance Statement of the Master Servicer

----------

*     Incorporated herein by reference.



                                       12