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  2. Countrywide Financial political loan scandal - Wikipedia

    en.wikipedia.org/wiki/Countrywide_financial...

    The Countrywide financial political loan scandal in 2008-2009 involved U.S. politicians who allegedly received favorable mortgage rates.. In June 2008 Conde Nast Portfolio reported that numerous Washington, DC politicians over recent years had received mortgage financing at noncompetitive rates at Countrywide Financial because the corporation placed the officeholders in a program called "FOA's ...

  3. Bank of America Lawsuit: Countrywide's Unethical Lending ...

    www.aol.com/news/2012-10-25-bank-of-america...

    The latest federal lawsuit over alleged mortgage fraud paints an unflattering picture of a doomed lender: Executives at Countrywide Financial urged workers to churn out loans, accepted fudged ...

  4. Where Are They Now? Seven Villains of the Financial Crisis - AOL

    www.aol.com/news/2010-09-15-villains-of-the...

    By late 2008, Countrywide Financial was on its way down the tubes, with a 91% decline in stock value from its top price. During the 2008 mortgage meltdown, Mozilo's remarkable copper-colored ...

  5. Former Countrywide leaders Angelo Mozilo and David Sambol. Source: Company annual report. Countrywide Financial and its former, now-vilified CEO Angelo Mozilo are synonymous with the greed and ...

  6. Bank of America Home Loans - Wikipedia

    en.wikipedia.org/wiki/Bank_of_America_Home_Loans

    It previously existed as an independent company called Countrywide Financial from 1969 to 2008. In 2008, Bank of America purchased the failing Countrywide Financial for $4.1 billion. In 2006, Countrywide financed 20% of all mortgages in the United States, at a value of about 3.5% of the United States GDP, a proportion greater than any other ...

  7. Angelo Mozilo - Wikipedia

    en.wikipedia.org/wiki/Angelo_Mozilo

    Angelo Robert Mozilo (December 16, 1938 – July 16, 2023) was an American mortgage industry banker who was co-founder, chairman of the board, and chief executive officer of mortgage giant Countrywide Financial until July 1, 2008. Mozilo retired shortly after the sale to Bank of America for a total of $4.1 billion in stock.

  8. Countrywide's Mozilo charged with fraud, insider ... - AOL

    www.aol.com/news/2009-06-04-countrywides-mozilo...

    Former Countrywide Financial CEO Angelo Mozilo has become the highest-profile executive to be accused of wrongdoing in the subprime mortgage meltdown. The Securities and Exchange Commission ...

  9. Chris Dodd - Wikipedia

    en.wikipedia.org/wiki/Chris_Dodd

    The Select Committee on Ethics said it found "no credible evidence" that Dodd knowingly sought out a special loan or treatment because of his position, but the panel also said in an open letter to Dodd that the lawmaker should have questioned why he was being put in the "Friends of Angelo" VIP program at Countrywide: "Once you became aware that ...