by Moe Bedard
By DJ
Having been in the wholesale end of the business with Option Arms as one of my products, 99% of the time the loan officer would ask for “max prepay, max rebate”. (mortgage lingo = I want to make the most money I can on this loan and how much can I screw the borrower [...]
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by Moe Bedard
The following is the unofficial transcript of a CNBC exclusive interview with Countrywide CEO Angelo Mozilo on CNBC’s “The Call” from early 2007. All references must be sourced to CNBC.
In an exclusive interview with CNBC’s Maria Bartiromo, Countrywide CEO Angelo Mozilo discusses Bank of America’s $2 billion investment in Countrywide, problems in the mortgage [...]
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