Search for: "Angelo R Mozilo"
Results 1 - 20 of 63
Sorted by Relevance | Sort by Date
28 Jan, 2008 4:43 am
The cash pile that Countrywide Financial's chief executive, Angelo R. Mozilo, stands to reap from the lender's $2 billion sale to the Bank of Americajust got a little smaller. Mr. Mozilo
said on Monday that he would give up $37.5 million in severance pay and other fees he stood to gain from the mortgage lender's sale [...]
11 Jan, 2008 2:30 pm
Speculation is already buzzing that Countrywide Financial's chief executive, Angelo R.
Mozilo, won't stick around Bank of America after it completes its purchase of the mortgage lender later this spring.. But what's a former
executive to do for a second act? It's a bit like that age-old conundrum: all that money - but nowhere to [...]
5 Jun 2:13 am
... 4, 2009, the SEC filed a civil securities fraud complaint (here) in the Central District of California against Angelo Mozilo, the former CEO of Countrywide Financial Corp., as well as the company's former COO and CFO. The complaint ... to investment bankers and other mortgage
buyers. The complaint alleges that while the company was issuing reassuring statements to investors, Mozilo "internally issued a series of
increasingly dire assessments of the various Countrywide loan products and the risks to ...
10 Jun 3:30 am
... have expressed surprise and even outrage that Bank of America is advancing the legal expense that former Countrywide CEO Angelo
Mozilo is incurring in defending against the various claims that have been raised against him, including the recent ... act in "good faith and
in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation." Mozilo is a very wealthy man,
wealthy enough that if the statutory standard for repayment is triggered, BofA can try to ...
14 May 4:55 am
... may charge Angelo Mozilo with fraud. The staff of the Securities and Exchange Commission has
decided to recommend that the agency bring civil fraud charges against Angelo Mozilo, the former
chief executive of mortgage lender Countrywide Financial Corp., according to a published report Wednesday. Those "friends" from the Countrywide sweetheart loan scandal include Sen.
Chris Dodd (D-CT), Kent Conrad (D-ND), Richard ...
13 May 2:38 pm
Some news you might have missed today while memorizing the recently circulated bios of the incoming summer associates: SEC to Sue Mozilo? Staff
at the SEC have decided to recommend filing civil fraud charges against Angelo Mozilo, the co-founder
of Countrywide Financial Corp. The SEC sent a so-called Wells notice to Mozilo several weeks ago alerting him of the planned charges. The
potential ...
4 Jun 2:49 pm
... , was 72. On with it: SEC Charges Mozilo: The SEC filed civil charges against former Countrywide Financial Corp. Chief Executive
Angelo Mozilo and two other former executives, accusing them of committing fraud by misleading
investors. Mozilo was additionally charged with insider trading for selling his Countrywide stock for about $140 million in profit based on
nonpublic information. (WSJ; complaint) Leader of ...
5 Mar 8:47 pm
MORE ON "FRIEND OF ANGELO" FRANKLIN RAINES: "Former Fannie Mae Chief Executive Officer Franklin Raines was offered a 4.125 percent mortgage
from Countrywide Financial Corp. in 2003, more than a percentage point less than the national average at the ... to documents provided by a congressional committee. . . . Raines, Senate
Banking Chairman Christopher Dodd and Senator Kent Conrad were among prominent Americans accused of receiving favorable treatment on loans from Countrywide CEO Angelo Mozilo."
1 May, 2007 5:20 am
... the Company's Directors and executive officers for the compensation indicated: a son of Angelo R.
Mozilo, who has been an employee since June 1, 2005, was employed as a Branch Manager, ... was not independent because of her employment
relationship with Goldman Sachs. Likewise, the CEO, Mozilo, was not considered independent. Otherwise, the "Board has determined that each of
the current Directors . ... Edwin Heller 41,000 278,352 - 49,170 368,522 Martin R. Melone 99,000 274,368 - 54,219 427,587 Robert T ...
2 Oct, 2007 8:33 pm
... at the very least, a big incompetent boob overmatched by the "tsunami" of foreclosures washing over it. However, it did close on an optimistic note. Such efforts may soon become
more difficult. At an investor conference on Sept. 18, Angelo R. Mozilo, Countrywide's chief executive, said the company would be hiring more staff members to do home-retention and loss-mitigation work. Those employees,
however, will be based in India. Oh, boy! I ...
1 Oct, 2007 8:42 pm
... at the very least, a big incompetent boob overmatched by the "tsunami" of foreclosures washing over it. However, it did close on an optimistic note. Such efforts may soon become
more difficult. At an investor conference on Sept. 18, Angelo R. Mozilo, Countrywide's chief executive, said the company would be hiring more staff members to do home-retention and loss-mitigation work. Those employees,
however, will be based in India. Oh, boy! I ...
7 Mar, 2008 9:52 am
"The reality is that I received no severance package." That was part of E. Stanley O'Neal's prepared testimony to a Congressional inquiry into his exit payments, as the former Merrill
Lynch chief executive and two other executives defended their pay packages. All three men called to testify - Mr. O'Neal, Angelo
R. Mozilo of Countrywide Financial [...]
25 Apr, 2008 4:48 am
Countrywide Financial's chief executive, Angelo R. Mozilo,
realized $121.5 million from exercising stock options and was awarded $22.1 million of compensation in 2007, a year when the housing slump pummeled the nation's largest mortgage lender.
The awards came in a year when Countrywide lost $704 million, its first loss in more than 30 years, and its [...]
13 Jun, 2008 6:29 pm
Countrywide Financial hasn't had much good news in months, and this week was mostly no exception. (For starters, a connection to Countrywide founder Angelo R. Mozilo helped lead to the ouster of James A. Johnson from Barack
Obama's campaign.) And its stock has fallen more than 7.5 percent this week. But the troubled mortgage lender did [...]
25 Jun, 2008 2:13 pm
From the New York Times:The Illinois attorney general is suing Countrywide Financial, the troubled mortgage lender, and Angelo R. Mozilo, its chief executive, contending that the company and its executives defrauded borrowers in the state by
selling them costly and...
26 Jun, 2008 11:12 am
California joined Illinois on Wednesday in suing Countrywide Financial, claiming the company had practiced deceptive mortgage lending. The embattled company's shareholders, meanwhile,
approved its takeover by Bank of America. The civil lawsuits, which also name Countrywide's chief executive, Angelo R. Mozilo, as a defendant, accuse the lender of engaging in unfair trade practices that encouraged homeowners [...]
4 Jun 1:38 pm
Angelo R. Mozilo, the Bronx-born businessman who built
Countrywide Financial into the nation's largest mortgage lender before it was knocked down by the credit crisis, has been charged with securities fraud and insider trading in a civil
suit brought by the Securities and Exchange Commission.
5 Jun 6:31 am
... .49 close yesterday. Nice trade, not that it was worthy of a mention in the interview. But Mozilo did come up with one for the ages: The
loans themselves are not problematic. It's ... and Exchange Commission accused former Countrywide Financial Corp. Chief Executive Angelo
Mozilo and two former lieutenants of fraud, and unveiled emails from the height ... executive charged with fraud (guardian.co.uk) Countrywide's
former chief Angelo Mozillo charged with fraud and insider dealing by SEC (telegraph.co.uk ...
5 Jun 5:31 am
... .49 close yesterday. Nice trade, not that it was worthy of a mention in the interview. But Mozilo did come up with one for the ages: The
loans themselves are not problematic. It's ... and Exchange Commission accused former Countrywide Financial Corp. Chief Executive Angelo
Mozilo and two former lieutenants of fraud, and unveiled emails from the height ... executive charged with fraud (guardian.co.uk) Countrywide's
former chief Angelo Mozillo charged with fraud and insider dealing by SEC (telegraph.co.uk ...
26 Jun, 2008 4:22 am
... were also "Friends of Angelo," as revealed by Conde Nast Portfolio Magazine. Thatâs Angelo as
in Angelo Mozilo, chairman and CEO of Countrywide. Itâs a pretty seedy story: When Conrad was
looking to buy his Delaware beach house in 2002, he ... for information on their mortgages. Read the whole thing. Meanwhile, here's a followup from Portfolio Magazine. Plus,
Angelo's Ashes: "Countrywide Financial is becoming more of an embarrassment for Bank of America just days before it completes a takeover ...
Search on: Blawgs.FM | BlawgSearch Google Co-op | Blawg.com | Bloglines | Feedster | Google Blog Search | Technorati | Google | MSN | Yahoo!