Many Top Mortgage Banking Executives Saw Solid Gains in Compensation in 2005
May 19, 2006
Many mortgage banking executives posted solid increases in their compensation last year and they appeared to have earned their raises by overseeing increased profitability in their businesses. A new Inside Mortgage Finance analysis of corporate proxy statements showed several top industry officials had very good years in terms of compensation. At the top of the list, Angelo Mozilo, the co-founder and chairman/CEO of Countrywide Financial, earned a hefty $22.57 million in salary and bonuses last… [One data table included]