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Loan Modification

: Loan Modification & Home Loan News

Countrywide?s Angelo Mozilo made exceptions for VIP mortgages, exec testifies

By Moe Bedard

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Image by Getty Images via @daylife According to testimony in an SEC lawsuit, the Calabasas firm’s co-founder fostered the practice of making exceptions to its lending standards. The late “Tonight Show” announcer Ed McMahon was far from the only person to get a special mortgage thanks to Countrywide Financial Corp. co-founder Angelo Mozilo. Mozilo approved [...]

Full post as published by Loan Modification & Home Loan News on August 25, 2010 (boomark / email).

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