Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Angelo Mozilo

Angelo Mozilo stories: 9 news summaries

(Newser) - Chris Dodd and Kent Conrad have been cleared of wrongdoing in taking preferred loans from Countrywide Financial, the Hill reports. But the Senate ethics panel gave both Democrats slaps on the wrist. No “credible evidence” of ethics violations emerged, the committee said in a statement, but two “... More »

MORE ABOUT:
Congress • Chris Dodd • home loans • Countrywide Financial • Senate Ethics Committee • Angelo Mozilo • VIPs • Kent Conrad

Countrywide's Mozilo Charged With Fraud

Mozilo, two others accused of fraud, misleading investors

Jun 4, 09 4:09 PM CDT
(Newser) - The SEC has charged former Countrywide chief Angelo Mozilo and two other former execs with civil fraud, the Wall Street Journal reports. The agency accuses them of insider trading and withholding information from investors about the condition of what was once the nation's largest mortgage company. They are the first... More »

MORE ABOUT:
fraud • Countrywide • civil lawsuits • Angelo Mozilo • Securities and Exchange Commission

(Newser) - The long slide from the top continues for former Countrywide chief Angelo Mozilo. Staffers at the SEC have recommended filing a civil suit against him on charges of fraud and insider trading, reports the Los Angeles Times. Countrywide had been the nation’s largest mortgage lender before it nearly... More »

MORE ABOUT:
fraud • insider trading • Countrywide Financial • Angelo Mozilo • Securities and Exchange Commission

(Newser) - It's not been the best of years for the titans of Wall Street: a few federal bailouts, a housing collapse, and now a Ponzi scheme of mind-boggling proportions can do that. "Where did all that money go?" wonders the website wowOwow.com. And it has a partial answer: Straight... More »

MORE ABOUT:
CEO • James Cayne • Angelo Mozilo • Stanley O'Neal • John Thain • mansion • bankers • Daniel Mudd • Richard Fuld • Bernard Madoff

Illinois to Sue Countrywide, CEO Over Foreclosure Fiasco

State blames company for foreclosures

Jun 25, 08 8:57 AM CDT
(Newser) - The state of Illinois will sue Countrywide and its CEO today for "unfair and deceptive practices" in the first suit related to the current mortgage crisis. The company is accused of pushing loans on homeowners even if they couldn't repay them, the Wall Street Journal reports. Illinois' attorney... More »

MORE ABOUT:
Illinois • Countrywide • civil lawsuits • Angelo Mozilo • subprime crisis • Lisa Madigan

Countrywide Scandal Extends to Senate

Troubled mortgage lender gave breaks
to Dodd, other VIPs

Jun 13, 08 12:45 PM CDT
(Newser) - Countrywide Financial made sweetheart deals for lawmakers and other high-profile pols who received mortgages from the disgraced lender, a Portfolio exposé reveals. The deals, which appear to violate both company rules and federal law, benefited "Friends of Angelo"—as in CEO Angelo Mozilo—including at least two US... More »

MORE ABOUT:
Chris Dodd • Countrywide Financial • Angelo Mozilo • Donna Shalala • Kent Conrad

Subprime Lender CEOs Defend Exec Pay

Merrill, Citi and Countrywide honchos cashed in as companies foundered

Mar 7, 08 3:50 PM CST
(Newser) - Banking executives who took home huge paychecks even as the subprime mortgage crisis battered their companies appeared before Congress today to defend their actions. Democrats on the House Oversight Committee grilled them about their enormous pay packages as Republicans apologized to them and questioned the premise of the hearing, the... More »

MORE ABOUT:
Congress • Citigroup • executive compensation • Bank of America • Merrill Lynch • Countrywide • bonuses • Charles Prince • Angelo Mozilo • Stanley O'Neal • financial institutions • subprime crisis • House Committee on Oversight and Government Reform

House Hits High Bonuses
at Strapped Companies

Fat cats to face executive pay hearing

Mar 7, 08 7:53 AM CST
(Newser) - A House committee wants to know why the CEOs of three companies mired in the subprime crisis collected massive bonuses as their firms bled billions, AP reports. The targets include Merrill Lynch, Citigroup, and Countrywide, all of which posted stunning losses last year. Countrywide CEO Angelo Mozilo and the former... More »

MORE ABOUT:
Henry Waxman • Citigroup • executive compensation • Merrill Lynch • Countrywide Financial • Charles Prince • Angelo Mozilo • Stanley O'Neal • subprime crisis • House Committee on Oversight and Government Reform

SEC Looks Into Countrywide Stock Sales

CEO of nation's largest mortgage lender dumped $130M in stock before crisis hit

Oct 17, 07 10:06 PM CDT
(Newser) - The CEO of troubled mortgage lender Countrywide is under investigation over stock sales, the Wall Street Journal reports. Angelo Mozilo sold at least $130 million this year of stock in a company deeply affected by the subprime mortgage mess; the Securities and Exchange Commission is looking into several aspects of... More »

MORE ABOUT:
insider trading • Countrywide • white collar crime • Angelo Mozilo

9 Stories


from our news partners

Associated PressAssociated Press