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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.