Calabasas-based Countrywide Financial Corp. lowered the high end of its total residential mortgage market for the year to $2.2 – $2.9 trillion from a previous estimate of $2.2 – $3.0 trillion. The financial services provider also continues to estimate that the average 10-year Treasury yield for 2006 will fall between 4.5 percent and 5.3 percent. Additionally, the company reaffirmed its earning guidance for 2006 at $3.90 – $4.80 per share.
