July 17 (Reuters) - Angelo Mozilo, who propelled Countrywide Financial Corp into the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said.
Mozilo, 84, died of natural causes, the foundation said in a statement on Sunday.
In 2006, when Mozilo was the chief of the mortgage lender Countrywide Financial, the firm originated $461 billion worth of loans -- close to $41 billion of which were subprime.
Subprime loans were responsible for the global financial crisis.
Mozilo had defended himself several times against accusations that he was a key architect of the 2007-2009 financial crisis.
Persons:
Angelo Mozilo, Mozilo, Conde Nast, Shubhendu Deshmukh, Nupur Anand, Franklin Paul, Deepa Babington
Organizations:
Countrywide Financial Corp, Countrywide Financial, Bank of America, Bloomberg, Thomson
Locations:
Bronx, United States, Bengaluru, New York