Mozilo Agrees to Pay $67.5 Million to Settle SEC Charges of Misleading Investors Over Subprime
October 21, 2010
Former Countrywide Financial CEO Angelo Mozilo agreed to pay $67.5 million to settle charges from the Securities and Exchange Commission that he engaged in insider trading and misled investors over his firm’s growing exposure to credit risk as the subprime crisis began to spread. Mozilo will pay...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.