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: Loan Modification & Home Loan News

US drops criminal probe of former Countrywide chief Angelo Mozilo

By Moe Bedard

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Mozilo’s actions in the mortgage meltdown ? which led to $67.5-million settlement against him ? did not amount to criminal wrongdoing, federal prosecutors have determined. (By E. Scott Reckard, Los Angeles Times) – Federal prosecutors have shelved a criminal investigation of Angelo R. Mozilo after determining that his actions in the mortgage meltdown ? which [...]

Full post as published by Loan Modification & Home Loan News on February 21, 2011 (boomark / email).

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