by Moe Bedard
Kurland, who was Angelo Mozilo’s No. 2 man at Countrywide, left in September 2006 — a year before the company began to crumble under the weight of rising loan losses. He founded Private National Mortgage Acceptance Co. early in 2008 with a team of other ex-Countrywide execs specifically to begin buying up troubled home loans.
Understandably, [...]
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by Moe Bedard
“Not only are former Countrywide execs back in business, but they are making money off of the current housing crisis, they helped create. All this makes me wonder if Countrywide’s business model was just a sick massive mortgage ponzi scheme that makes ponzi-poster child, Bernie Madoff look like .25 cent lollipop bandit and Stanford Kurland [...]
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