Montecito resident Angelo Mozilo, whose company, Countrywide Financial, was a centerpiece of the mortgage meltdown that led to the 2008 recession, died
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Angelo Mozilo, Founder of Mortgage-Lending Giant, Dies at 84
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Montecito's Angelo Mozilo, Mortgage Firm Founder Blamed in 2008 Financial Crisis, Dies | Local News
Angelo Mozilo, former chief executive of Countrywide Financial and a key player in the subprime mortgage meltdown that led to the 2008 financial crisis, died Sunday.
He became the face of the mortgage meltdown when the subprime crisis surfaced in 2007. He was the son of a Bronx butcher who embodied a rags-to-riches success story.
After building Countrywide Financial into a home-loan colossus, Mozilo became a face of the subprime mortgage crisis and was given a record fine by the SEC.
Montecito resident Angelo Mozilo, whose company, Countrywide Financial, was a centerpiece of the mortgage meltdown that led to the 2008 recession, died
