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Loan Modification

: The Truth About Mortgage.com

Former Countrywide Boss to Pay Largest SEC Fine Ever

By scot184

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Former Countrywide CEO Angelo Mozilo will pay a record $22.5 million penalty to settle SEC charges that claim he and two other executives misled investors as the mortgage crisis took flight. Mozilo also agreed to pay $45 million in ?disgorgement of ill-gotten gains? to settle the SEC?s disclosure violation and insider trading charges, for a total [...]

Full post as published by The Truth About Mortgage.com on October 18, 2010 (boomark / email).

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