Articles Tagged with ''Angelo Mozilo''

Bloomberg: Mozilo warns Republican tax changes may crash luxury home market in some coastal states

Million-dollar homes may lose 40% of their value, Mozilo said
Angelo Mozilo, the former CEO of Countrywide Financial, has kept a low profile since being branded the face of the mortgage crisis a decade ago. This week he gave a rare interview to Bloomberg Television to sound a warning about an impending crisis in the luxury segment of the housing market.
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Countrywide's Mozilo reportedly off the hook for all those subprime mortgages

Bloomberg reports that Justice is abandoning malfeasance case
One of most notorious people at the center of the housing crisis is reportedly off the hook for any supposed malfeasance, as Bloomberg is reporting that the Department of Justice is abandoning its attempt to sue Angelo Mozilo, the founder of Countrywide, for his company’s lending practices in the run-up to the housing crisis.
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