Stories tagged with Angelo Mozilo
IndyMac’s Michael Perry has the toughest job in America
By Gary Jacobson | July 9, 2008 at 2:22pm | 2 
To say IndyMac CEO Michael Perry is in a tough spot is an understatement. He might be on a mission impossible.
Philip Milne: Another well-paid victim of the mortgage crisis
By Laurie Bennett | June 27, 2008 at 8:45am | 0
You might view Philip Milne as one of the many casualties of the current financial crunch, another top exec who lost his job because of his company’s disastrous investments in subprime mortgages.
The tragedy of Countrywide Financial and Angelo Mozilo
By Gary Jacobson | June 26, 2008 at 10:15am | 0
History won’t be kind to Angelo Mozilo, the founder of Countrywide Financial whose shareholders approved the company’s sale to Bank of America yesterday. His is a great American success story, but a tragedy, too.
Conrad and Dodd, a Tale of Two Friends of Angelo
By Gary Jacobson | June 19, 2008 at 12:07pm | 0
North Dakota Senator Kent Conrad is perhaps the most unusual of the so-called Friends of Angelo, who received favorable mortgage rates and VIP treatment from Countrywide Financial and its boss, Angelo Mozilo.
James Johnson resigns from Obama’s VP search team
By Carol Eisenberg | June 11, 2008 at 4:52pm | 2
Former Fannie Mae Chairman James Johnson said he has quit Sen. Barack Obama’s vice-presidential search team after the Wall Street Journal reported he may have received preferential mortgage loans from Countrywide Financial Corp.
VP vetter Jim Johnson may have gotten sweetheart loans
By Carol Eisenberg | June 9, 2008 at 3:56pm | 0
What do you do when the guy who is supposed to be vetting your team turns out to have potential problems of his own?
Questions about Countrywide-Bank of America deal
By Gary Jacobson | February 17, 2008 at 2:09pm | 0
Countrywide Financial reported Friday that its mortgage foreclosure rate doubled last month compared to a year ago.
That prompted the Charlotte Business Journal to ask Bank of America if it was going forward with its roughly $4 billion stock deal to acquire Countrywide, the nation’s largest mortgage lender.
$70 million severance for Countrywide’s Mozilo?
By Gary Jacobson | January 11, 2008 at 10:36am | 0
Countrywide Financial is being swallowed by Bank of America, but don’t cry for Angelo Mozilo, Countrywide’s embattled CEO.
The butcher’s son from the Bronx who founded Countrywide in 1969 could walk away from the deal with $70 million or so, according to The New York Times.
Henry Cisneros, Madonna and the Big O
By Gary Jacobson | October 19, 2007 at 12:02pm | 0
The former secretary of the Department of Housing and Urban Development makes a lot more money on the board of Countrywide Financial, the giant mortgage lender, but he must be having more fun at Live Nation, the concert promoter and entertainment company.
Especially now during the mortgage meltdown.
Countrywide’s self-made men
By Gary Jacobson | July 27, 2007 at 9:19pm | 1
Angelo Mozilo, who made news this week with his startlingly candid assessment of the nation’s housing market, is a self-made man.
To pay tuition when he attended Catholic high school, he got a job with a mortgage company during the week and continued to work in his father’s Bronx butcher shop on the weekends, according to his biography with The Horatio Alger Association.
