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                                                                   EXHIBIT 10.90

                              AMENDMENT NUMBER FIVE
                        COUNTRYWIDE FINANCIAL CORPORATION
                             1992 STOCK OPTION PLAN

         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;

         WHEREAS, pursuant to Section 6(a) of the Countrywide Financial
Corporation 1992 Stock Option Plan (the "Plan"), the Compensation Committee of
the Board of Directors ("the Committee") or the Board shall conclusively
determine the appropriate adjustments, if any, to the maximum number and class
of shares or other stock or securities with respect to which Options may be
granted under the Plan, the number and class of Shares or other stock or
securities which are subject to outstanding Options granted under the Plan, and
the purchase price therefore, if applicable;

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

         1.       Section 4(a) is hereby deleted and new Section 4(a) is
                  inserted in its place as follows:

                           "(a)     The maximum number of Shares that may be
                           made the subject of Options granted under the Plan is
                           1,200,000 Shares (or the number and kind of shares of
                           stock or other securities to which such Shares are
                           adjusted upon a Change in Capitalization pursuant to
                           Section 6) and the Company shall reserve for the
                           purposes of the 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 6(a) is hereby deleted and new Section 6(a) is
                  inserted in its place as follows:

                           "(a)     Subject to Section 7, in the event of a
                           Change in Capitalization, the Committee or the Board
                           shall conclusively determine the appropriate
                           adjustments, if any, to the maximum number and class
                           of Shares or other stock or securities with respect
                           to which Options may be granted under the Plan, the
                           number and class of Shares or other stock or
                           securities which are subject to outstanding Options
                           granted under the Plan, and the purchase price
                           therefore, if applicable. 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

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                  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."

         IN WITNESS WHEREOF, The Company has caused this Amendment Number Five
         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 10.91

                             AMENDMENT NUMBER EIGHT
                                     TO THE
                       COUNTRYWIDE FINANCIAL CORPORATION
                             1993 STOCK OPTION PLAN
                 (AS AMENDED AND RESTATED AS OF MARCH 27, 1996)

         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; and

         WHEREAS, pursuant to Section 8(a) of the Countrywide Financial
Corporation 1993 Stock Option Plan (as Amended and Restated March 27, 1996) (the
"1993 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 1993 Plan or subject
to any Option theretofore granted;

         WHEREAS, The Committee wishes to amend Section 8(a) to enable the Board
to make such adjustments by resolution or, alternatively, for such adjustments
to be automatic;

         NOW THEREFORE, the Plan is amended to read as follows effective
December 17, 2003:

         1.       Section 4 (a) is hereby deleted in its entirety and new
                  Section 4 (a) is hereby inserted in its place as follows:

                           "(a)     The maximum number of Shares that may be
                           made the subject of Options granted under the Plan is
                           21,333,333; provided, however, that the maximum
                           number of Shares that may be the subject of Options
                           granted to any Eligible Employee from and after March
                           27, 1996 and during the term of the Plan may not
                           exceed four million (4,000,000). Upon a Change in
                           Capitalization the maximum number of Shares shall be
                           adjusted in number and kind pursuant to Section 8.
                           The Company shall reserve for the purposes of the
                           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 5 (b) is hereby deleted and new Section 5 (b) is
                  inserted in its place as follows:

                                    (b)  "Number of Shares. Each Director Option
                                         granted shall be in respect of a
                                         number of Shares equal to the lesser
                                         of (1) 10,000 multiplied by a
                                         fraction, the numerator of which is

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                                the earnings per Share on a fully diluted basis
                                of the Company for the fiscal year of the
                                Company ended immediately before the date of
                                grant of the Director Option (as reported in the
                                audited Financial Statements included in the
                                Company's Annual Report on Form 10-K filed with
                                the Securities and Exchange Commission ("SEC"),
                                but in no event less than zero) (the "EPS
                                Numerator Amount") and the denominator of which
                                is $.51 or (2) 10,000 multiplied by a fraction,
                                the numerator of which is the EPS Numerator
                                Amount and the denominator of which is the
                                earnings per share on a fully diluted basis of
                                the Company for the fiscal year immediately
                                preceding the fiscal year in respect of which
                                the EPS Numerator Amount is determined as
                                reported in the Company's Annual Report on Form
                                10-K filed with the SEC. The number 10,000 and
                                the $.51 amount referred to in the previous
                                sentence shall be equitably adjusted in the
                                event of a Change in Capitalization."

         3.       Section 8 (a) is hereby deleted and new Section 8 (a) is
                  inserted in its place as follows:

                  (a)      Subject to Section 9, in the event of a Change in
                           Capitalization, the maximum number and class of
                           Shares or other stock or securities with respect to
                           which Options may be granted under the Plan in the
                           aggregate and to any Optionee, the number and class
                           of Shares or other stock or securities which are
                           subject to outstanding Options granted under the
                           Plan, and the purchase price therefore, if
                           applicable, shall be appropriately and equitably
                           adjusted by the Committee or the Board. 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.

                      [THE NEXT PAGE IS THE SIGNATURE PAGE]

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

                                      Countrywide Financial Corporation

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

Attest:

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

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