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                                                                   EXHIBIT 10.97

                                 FIRST AMENDMENT
                                       TO
                           2000 EQUITY INCENTIVE PLAN
                                       OF
                        COUNTRYWIDE FINANCIAL CORPORATION
                        (AMENDED AS OF NOVEMBER 12, 2003)

         WHEREAS, the Board of Directors of Countrywide Financial Corporation
(the "Company") declared a stock dividend effective as of December 17, 2003
which represents a 4-for-3 split of the Company's common stock;

         WHEREAS, pursuant to Section 8.2 of the 2000 Equity Incentive Plan of
Countrywide Financial Corporation (as Amended and Restated November 12, 2003)
(the "2000 Stock Plan"), the Compensation Committee of the Board of Directors
("the Committee") shall appropriately and equitably adjust the number of shares
of common stock or other securities which are subject to the 2000 Stock Plan or
subject to any Awards theretofore granted, including the exercise or settlement
price of Options, so as to maintain the proportionate number of shares or other
securities which are subject to the 2000 Stock Plan without changing the
aggregate exercise or settlement price; and

         WHEREAS, The Committee wishes to amend Section 8.2 to enable the Board
to make such adjustments by resolution or, alternatively, for such adjustments
to be automatic.

         NOW THEREFORE, the 2000 Stock Plan is amended to read as follows
effective December 17, 2003.

         1.       Section 3.1, Aggregate Limits, is hereby deleted and new
                  Section 3.1, is inserted in its place as follows:

                  "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 22,333,333, of which a maximum of 1,333,333 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 66,666
                  with respect to Options and 40,000 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."

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         2.       Section 3.2, Tax Code Limits, is hereby deleted and new
                  Section 3.2 is inserted in its place as follows:

                  "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 4,000,000.
                  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.       Section 8.2, Adjustments Upon Certain Events, is hereby
                  deleted, and new Section 8.2 is inserted in its place as
                  follows:

                  "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 or the Board 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). In the event the Committee or Board do not otherwise
                  act pursuant to its prescribed authority, that in the event of
                  a stock split, the number of shares available under the Plan
                  or subject to any individual limits or award type limitations
                  shall be automatically adjusted to reflect the ratio of the
                  stock split. Additionally any outstanding Awards shall be
                  adjusted by proportionately increasing the number of shares
                  covered by, and for stock options, proportionately decreasing
                  the exercise price set forth in, the applicable options. 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

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                  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."

         IN WITNESS WHEREOF, the Company has caused this First Amendment to be
         executed by its duly authorized officer this 14th day of April, 2004.

                                        Countrywide Financial Corporation

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

/s/ Gerard A. Healy
---------------------------------
Gerard A. Healy
Assistant Secretary<PAGE>

                                                                   EXHIBIT 10.98

                                SECOND AMENDMENT
                                       TO
                           2000 EQUITY INCENTIVE PLAN
                                       OF
                        COUNTRYWIDE FINANCIAL CORPORATION
                        (AMENDED AS OF NOVEMBER 12, 2003)

         WHEREAS, the Board of Directors of Countrywide Financial Corporation
(the "Company") declared a stock dividend effective as of April 12, 2004 which
represents a 3-for-2 split of the Company's common stock; and

         WHEREAS, pursuant to Section 8.2 of the 2000 Equity Incentive Plan of
Countrywide Financial Corporation (as Amended and Restated November 12, 2003)
(the "2000 Stock Plan"), the Compensation Committee of the Board of Directors
("the Committee") or the Board of Directors shall appropriately and equitably
adjust the number of shares of common stock or other securities which are
subject to the 2000 Stock Plan or subject to any Awards theretofore granted,
including the exercise or settlement price of Options, so as to maintain the
proportionate number of shares or other securities which are subject to the 2000
Stock Plan without changing the aggregate exercise or settlement price;

         NOW THEREFORE, the 2000 Stock Plan is amended to read as follows
effective April 12, 2004.

         1.       Section 3.1, Aggregate Limits, is hereby deleted and new
                  Section 3.1, is inserted in its place as follows:

                  "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 33,500,000, of which a maximum of 2,000,000 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 100,000
                  with respect to Options and 60,000 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."

         2.       Section 3.2, Tax Code Limits, is hereby deleted and new
                  Section 3.2 is inserted in its place as follows:

                  "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 6,000,000.
                  Notwithstanding anything to the

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                  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)."

         IN WITNESS WHEREOF, the Company has caused this Second Amendment to be
         executed by its duly authorized officer this 14th day of April, 2004.

                                        Countrywide Financial Corporation

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

/s/ Gerard A. Healy
---------------------------------
Gerard A. Healy
Assistant Secretary

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