Angelo Mozilo
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The Fannie and Freddie Chronicles, Cont.
… and-moderate-income persons, racial minorities, and inner-city residents." That same year, Fannie and Angelo Mozilo 's Countrywide Funding announced a deal to finance reduced-down-payment loans. And in its complaint (paragraphs …
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The FHFA blows up the meme that it's Countrywide to blame for Bank of America's (BAC) problems. Excerpts from the lawsuit quote Countrywide execs as shocked at BofA's aggressive mortgage origination ...
… quote Countrywide execs as shocked at BofA's aggressive mortgage origination practices in 2005. It's no wonder Angelo Mozilo went to Ken Lewis when it was time to parachute out of his firm. 1 comment!
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National Semi CEO leaves money on the table…… Macleod to suddenly drop his 10b5-1 plan without tipping his hat. Ben described this as being somewhat similar to the Angelo Mozilo case, in which the former Countrywide CEO tried to shield himself by claiming that his well-timed sales were just …
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The government's finally sending people to jail for mortgage fraud, just not who you'd expect. Charlie Engle's behind bars not for selling bad mortgages, but for borrowing - allegedly lying on a pair ...
… allegedly lying on a pair of liar loans. It took months of probing and a flirtatious undercover agent to put away a single borrower, Joe Nocera writes in a good read, while Countrywide's Angelo Mozilo is still at large. 1 comment!
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US ends criminal probe of Countrywide's Mozilo-report
LOS ANGELES, Feb 19 (Reuters) - Federal prosecutors have shelved a criminal investigation of former Countrywide Financial chief executive Angelo Mozilo after determining that his actions in the...
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After more than two years of investigation, federal prosecutors have ended the criminal probe of former Countrywide (BAC) chief Angelo Mozilo apparently with no action taken against him. Mozilo paid ...
After more than two years of investigation, federal prosecutors have ended the criminal probe of former Countrywide ( BAC ) chief Angelo Mozilo apparently with no action taken against him . Mozilo paid $67.5M in October to settle civil charges from the SEC. Post your comment!
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The House of Representatives subpoenas BofA (BAC) for information on a Countrywide program that was informally known as 'Friends of Angelo,' in which allies of former Countrywide CEO Angelo Mozilo ...
The House of Representatives subpoenas BofA ( BAC ) for information on a Countrywide program that was informally known as 'Friends of Angelo,' in which allies of former Countrywide CEO Angelo Mozilo were given better loan terms and preferential treatment. 1 comment!
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UPDATE 1-California settles lawsuit against Mozilo
SAN FRANCISCO, Feb 2 (Reuters) - The state of California has settled a predatory lending case against two former Countrywide executives, including former CEO Angelo Mozilo , for $6.5 million.
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Countrywide in court: A dozen institutional investors, including TIAA-CREF, New York Life Insurance and Dexia Holdings, accuse the BofA (BAC) unit of "massive fraud" over hundreds of millions of ...
… unit of "massive fraud" over hundreds of millions of dollars in investments they were led to believe were low risk. Twenty defendants include Countrywide, BofA, former unit CEO Angelo Mozilo and other former execs. Post your comment!
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Wall Street Breakfast: Must-Know News
… afford the properties, and thus were highly likely to default." Former Countrywide executive, including former CEO Angelo Mozilo , are also among the defendants. Allstate is seeking unspecified damages. Confident Groupon looks to raise funds …