Posts tagged as:

angelo mozilo criminal investigation

Angelo Mozilo Email on Loan Safe Voted #1 Business Blunder in 08′

by Moe Bedard

Choosing only 10 this year was next to impossible, but somehow we managed. Incidentally, we’d like to throw a special shout out to Angelo Mozilo of Countrywide for making this year’s list extra debacle-riffic. Thanks! – The Consumerist
It’s nice to know that our work at Loan Safe and Loan Workout has somewhat of an effect [...]

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The Economic Cartel: CEO’s Involved in the World Economic Melt Down

by Moe Bedard

Paid to Fail? An Inside Look At Compensation and Bonuses for Wall Street’s Worst
Since 2000, home mortgage lenders have made more than $2.5 trillion in “toxic” subprime loans and most all these mortgages are failing miserably. In fact, millions of homeowners, tax payers and investors around the entire world are losing billions (possibly trillions) and [...]

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Criminal Investigation of Angelo Mozilo Continues

by Moe Bedard

Below is a video by NBC that covers the investigation of Countrywide and their former CEO, Angelo Mozilo.

In the video they interview one of Mozilo’s right hand men, Robert Fienberg, who was in charge of the secret “FOA” (Friends of Angelo) program. Yes, there was a designated executive that handled these special deals and in [...]

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Countrywide Can’t

by Moe Bedard

As many of my readers know, I am not a lender basher or a lender implode blogger. I report on the facts in regards to what lenders are doing to help homeowners who are facing foreclosure and their loss mitigation efforts.
A press release that was trumped up by Countrywide PR officials claimed that they modified [...]

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