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Top related persons:
Mozilo - 3 Angelo Mozilo - 2 Dow Jones - 1 Conde Nast - 1 Shubhendu Deshmukh - 1 Nupur Anand - 1 Franklin Paul - 1 Deepa Babington - 1
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Bronx New York angelo Santa Barbara Calif U.S United States Bengaluru
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Countrywide Financial - 3 Foundation - 2 Countrywide - 2 Bank of America - 2 Fordham University - 1 Countrywide Financial Corp - 1 Bloomberg - 1 Thomson - 1

Search resuls for: "Mozilo"


5 mentions found


☆ Angelo Mozilo, Founder of Mortgage-Lending Giant, Dies at 84
  + stars: | 2023-07-18 | by ( James R. Hagerty | Christina Rexrode | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/angelo-mozilo-founder-of-mortgage-lending-giant-dies-at-84-ccf4d544
Persons: Dow Jones Locations: angelo
☆ Angelo Mozilo, Whose Mortgage Giant Fell in Housing Bust, Dies at 84
  + stars: | 2023-07-18 | by ( Tara Siegel Bernard | More About Tara Siegel Bernard | ) www.nytimes.com   time to read: +1 min
Angelo Mozilo, a founder of Countrywide Financial who presided over that lending giant’s rapid ascent and then its collapse during the financial crisis of 2008, died on Sunday. His death, in the Santa Barbara, Calif., area, was announced in a statement by the Mozilo Family Foundation, the family’s philanthropic organization. Countrywide was a major player in the run-up to the housing crisis, when looser financial regulations enabled lenders to aggressively sell risky mortgage products to prospective homeowners, contributing to a bubble in housing prices. Mr. Mozilo, the son of a Bronx butcher and who worked his way through Fordham University, became one of the most recognized executives associated with the crisis. Motivated by his modest beginnings, he had built Countrywide into one of the nation’s largest mortgage lenders by the early 2000s.
Persons: Angelo Mozilo, Mozilo Organizations: Countrywide Financial, Foundation, Countrywide, Fordham University Locations: Santa Barbara, Calif, U.S, Bronx
☆ Angelo Mozilo, Countrywide Financial's former CEO, dies at 84
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +1 min
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
☆ Angelo Mozilo death: Countrywide Financial mortgage company CEO and financial crisis key player passes away at 84
  + stars: | 2023-07-17 | by ( Krystal Hur | ) edition.cnn.com   time to read: +1 min
New York CNN —Angelo Mozilo, former chief executive of Countrywide Financial and a key player in the subprime mortgage meltdown that led to the 2008 financial crisis, died Sunday. “It is with great sadness that the family of Angelo Robert Mozilo announces his passing from natural causes. The family requests privacy at this time,” The Mozilo Family Foundation, a charitable organization founded by Mozilo and his late wife Phyllis, said in a press release. Mozilo’s name and that of the mortgage-lending company he cofounded are closely linked to the subprime mortgage meltdown that helped snowball the financial crisis in 2008. The embattled mortgage lender agreed to be acquired by Bank of America for $4 billion in an all-stock deal in 2008.
Persons: New York CNN — Angelo Mozilo, Angelo Robert Mozilo, Mozilo, Phyllis Organizations: New, New York CNN, Countrywide Financial, Foundation, Countrywide, Bank of America, Securities and Exchange Commission, SEC Locations: New York
☆ Breakingviews: Sam Bankman-Fried lacks cover of systemic risk
  + stars: | 2022-12-13 | by ( Antony Currie | ) www.reuters.com   time to read: +4 min
MELBOURNE, Dec 13 (Reuters Breakingviews) - Sam Bankman-Fried couldn’t be blamed for mulling over past financial scandals with a degree of envy. The former boss of bankrupt crypto exchange-cum-hedge-fund FTX was arrested on Monday in the Bahamas at the request of U.S. prosecutors. No senior executives ended up facing criminal charges, or were hauled off in handcuffs even, though several Libor traders went to jail. loadingCONTEXT NEWSSam Bankman-Fried, the former chief executive of now-bankrupt crypto firm FTX, was arrested in the Bahamas on Dec. 12. The attorney general’s office for the Caribbean state said it took Bankman-Fried into custody after receiving formal confirmation of criminal charges from U.S. prosecutors.
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