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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds Hammer Countrywide's Mozilo, Two Top Deputies In Securities Fraud Civil Suit; Allegedly Hid Firm's Crumbling Finances During Subprime Meltdown

By r morris

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In Los Angeles, California, Bloomberg News reports:Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and two of his top deputies were sued by regulators for allegedly hiding the home lender?s deteriorating finances as the subprime mortgage crisis unfolded.While publicly reassuring investors about the quality of his loans, Mozilo issued ?dire? internal warnings and engaged

Full post as published by The Home Equity Theft Reporter on June 05, 2009 (boomark / email).

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