Angelo Robert Mozilo News Today

Montecito resident Angelo Mozilo, whose company, Countrywide Financial, was a centerpiece of the mortgage meltdown that led to the 2008 recession, died

After building Countrywide Financial into a home-loan colossus, Mozilo became a face of the subprime mortgage crisis and was given a record fine by the SEC.

Angelo Mozilo led Countrywide Financial to be the largest U.S. mortgage lender during the housing boom, then saw it crash in the 2008 financial crisis.

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…

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.

Co-founder of Countrywide Financial cast himself as the leader of revolution to expand access to mortgage lending but became the public face of the subprime mortgage collapse.

He built Countrywide Financial into the country’s largest mortgage lender, but its increasingly risky loans helped precipitate the 2008 financial crisis.

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.

Time magazine, citing Countrywide’s loosened lending standards and exotic mortgages, named him one of the “25 People to Blame” for the housing crisis.  

In 2008, Time magazine named Angelo Mozilo as one of the “25 People to Blame” for the global financial crisis.