ALL BUSINESS: Ex-Countrywide execs to aid housing

Courtesy Newsvine - business  Fri, 05/29/2009 - 22:00

Countrywide Financial placed itself at the epicenter of the housing crisis by making far too many risky loans to homeowners who ultimately couldn't afford them.

Those missteps cost CEO Angelo Mozilo his job when the lender was taken over by Bank of America a year ago at a fire sale price.


 

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