Angelo Mozilo Net Worth is$600 Million
VN:F [1.9.22_1171]
deserves the money?
Rating: 1.7/5 (10 votes cast)
VN:F [1.9.22_1171]
Would you date ?
Rating: 2.1/5 (7 votes cast)
Profession: Businessperson, Banker
Date of Birth: 1938
Nicknames: Angelo R Mozilo
Country: Italy, United States of America
Angelo Mozilois an American businessman, he has a net worth of $600 million. Angelo Mozilois has earned his net worth as former chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008.Cond'e Nast Portfolio ranked Mozilois second on their list of "Worst American CEOs of All Time". He was born in New York City, the son of a Bronx butcher; he earned at a Bachelor of Science degree from Fordham University in 1960. On June 4, 2009, the U.S. Securities and Exchange Commission charged former CEO Angelo Mozilois with insider trading and securities fraud. Many of his friends received VIP treatment in the way of fee free loans through Countrywide. This is just one of the many ways Mozilois took advantage of his power and position.
Angelo R. Mozilo (born 1938) was the chairman of the board and chief executive officer of Countrywide Financial until July 1, 2008.Cond'e Nast Portfolio ranked Mozilo second on their list of "Worst American CEOs of All Time".
Mozilo was born in New York City, the son of a Bronx butcher. He received a Bachelor of Science degree from Fordham University in 1960. In 1969, he and his former mentor David S. Loeb, who had already started a mortgage lending company, founded Countrywide Credit Industries in New York. They later moved the headquarters to Pasadena, California and then to Calabasas, California in Los Angeles County. Mozilo and Loeb also cofounded IndyMac Bank, which was founded as Countrywide Mortgage Investment, before being spun off as an independent bank in 1997. IndyMac collapsed and was seized by federal regulators on July 11, 2008.
Since Countrywide was listed on the NYSE in 1984, Mozilo sold $406 million worth of its stock, mostly obtained through stock option grants. $129 million of this was realized in the 12 months ending August 2007.
In the beginning, Countrywide was a pioneer in the nation-wide non-bank mortgage industry. Mozilo was very concerned with the credit quality of borrowers and the quality of loans. When subprime came onto the scene in the late 1980s (Guardian S&L) and 1990s (The Money Store), his company did not participate. He privately described the subprime loan mavericks of the 1990s as 'crooks'. However, his company began to lose business to the subprime lenders. He had to compete with them, or keep losing market share. Thus, by the early 2000s (decade), Countrywide had entered subprime, for real.
Perhaps more than any single individual, Mozilo has come to symbolize, and bear the blame for, the subprime mortgage crisis. In a New York Times feature on October 20, 2008, Henry G. Cisneros, former secretary of HUD and member of the Countrywide board of directors, describes Mr. Mozilo as "sick with stress - the final chapter o

Angelo Mozilo Net Worth, 1.7 out of 5 based on 10 ratings

Angelo Mozilo Latest News

Ah, for the good old days of Angelo Mozilo and Countrywide

18 Dwight Lane, a foreclosure, has been again marked down, to $1.545, after starting off September 1 at $1.9 million. Even this new price isn’t close to its (lack of) value in my opinion, so the curious loan from Countrywide Mortgage to its owner back ...
Posted: October 20, 2016, 3:04 pm

Justice Department Drops Fraud Case Against Countrywide's Mozilo

The Justice Department has decided not to pursue a civil fraud case against Angelo Mozilo. Mozilo's lawyer David Seigel tells NPR that the Justice Department informed him that it has closed its investigation. "We are gratified by this decision," Seigel said.
Posted: June 17, 2016, 5:12 pm

WTWF: It Really SOX

Just think – the DOJ did not bother pursuing a criminal action against Countrywide’s Angelo Mozilo, so why would it start now? However, the phony accounts did create an illusion of long-term customer loyalty. One could argue that shareholders would ...
Posted: October 16, 2016, 5:00 pm
Related Topics:
Angelo Mozilo, Angelo Mozilo 2012, Angelo Mozilo 2013, Angelo Mozilo 2014, Angelo Mozilo 2015, Angelo Mozilo Address, Angelo Mozilo Age, Angelo Mozilo And Countrywide, Angelo Mozilo Background, Angelo Mozilo Bio, Angelo Mozilo Biography, Angelo Mozilo Bloomberg, Angelo Mozilo Bonnie Russell, Angelo Mozilo Children, Angelo Mozilo Compensation, Angelo Mozilo Country, Angelo Mozilo Countrywide, Angelo Mozilo Date Of Birth, Angelo Mozilo Deposition, Angelo Mozilo Email, Angelo Mozilo Ethnicity, Angelo Mozilo Family, Angelo Mozilo Financial Crisis, Angelo Mozilo Fine, Angelo Mozilo Forbes, Angelo Mozilo Golden Parachute, Angelo Mozilo Gonzaga, Angelo Mozilo Height, Angelo Mozilo History, Angelo Mozilo Home Town, Angelo Mozilo House, Angelo Mozilo House For Sale, Angelo Mozilo Illness, Angelo Mozilo Images, Angelo Mozilo In Jail, Angelo Mozilo Income, Angelo Mozilo Indictment, Angelo Mozilo Insider Trading, Angelo Mozilo Interview, Angelo Mozilo Jail, Angelo Mozilo Lawsuit, Angelo Mozilo Leadership, Angelo Mozilo Leadership Style, Angelo Mozilo Money, Angelo Mozilo Net Worth, Angelo Mozilo Net Worth 2010, Angelo Mozilo Net Worth 2013, Angelo Mozilo Net Worth Today, Angelo Mozilo New Yorker, Angelo Mozilo News, Angelo Mozilo Now, Angelo Mozilo Orange, Angelo Mozilo Partner, Angelo Mozilo Place Of Birth, Angelo Mozilo Profession, Angelo Mozilo Quotes, Angelo Mozilo Salary, Angelo Mozilo Scandal, Angelo Mozilo Sec Settlement, Angelo Mozilo Settlement, Angelo Mozilo Severance Package, Angelo Mozilo Should Be In Jail, Angelo Mozilo Son, Angelo Mozilo Speaks, Angelo Mozilo Story, Angelo Mozilo Talent, Angelo Mozilo Tan, Angelo Mozilo Testimony, Angelo Mozilo Today, Angelo Mozilo Videos, Angelo Mozilo Weight, Angelo Mozilo Where Is He Now, Angelo Mozilo Wife, Angelo Mozilo Wikipedia, Angelo R Mozilo, Angelo R Mozilo Age, Angelo R Mozilo Background, Angelo R Mozilo Bio, Angelo R Mozilo Country, Angelo R Mozilo Date Of Birth, Angelo R Mozilo Ethnicity, Angelo R Mozilo Height, Angelo R Mozilo History, Angelo R Mozilo Home Town, Angelo R Mozilo Images, Angelo R Mozilo Income, Angelo R Mozilo Net Worth, Angelo R Mozilo News, Angelo R Mozilo Partner, Angelo R Mozilo Place Of Birth, Angelo R Mozilo Profession, Angelo R Mozilo Salary, Angelo R Mozilo Story, Angelo R Mozilo Talent, Angelo R Mozilo Videos, Angelo R Mozilo Weight, Businessmen, Businessmen Income, Businessmen Net Worth, CEOs, CEOs Income, CEOs Net Worth, How Much Angelo Mozilo Worth, How Much Angelo R Mozilo Worth, How Much Is Angelo Mozilo Income, How Much Is Angelo Mozilo Net Worth, How Much Is Angelo Mozilo Salary, How Much Is Angelo R Mozilo Income, How Much Is Angelo R Mozilo Net Worth, How Much Is Angelo R Mozilo Salary, How Much Is Richest Businessmen Income, How Much Is Richest Businessmen Net Worth, How Much Is Richest Businessmen Salary, How Much Is Richest CEOs Income, How Much Is Richest CEOs Net Worth, How Much Is Richest CEOs Salary, How Much Richest Businessmen Worth, How Much Richest CEOs Worth, Richest Businessmen Age, Richest Businessmen Background, Richest Businessmen Bio, Richest Businessmen Country, Richest Businessmen Date Of Birth, Richest Businessmen Ethnicity, Richest Businessmen Height, Richest Businessmen History, Richest Businessmen Home Town, Richest Businessmen Images, Richest Businessmen Income, Richest Businessmen Net Worth, Richest Businessmen News, Richest Businessmen Partner, Richest Businessmen Place Of Birth, Richest Businessmen Profession, Richest Businessmen Salary, Richest Businessmen Story, Richest Businessmen Talent, Richest Businessmen Videos, Richest Businessmen Weight, Richest CEOs, Richest CEOs Age, Richest CEOs Background, Richest CEOs Bio, Richest CEOs Country, Richest CEOs Date Of Birth, Richest CEOs Ethnicity, Richest CEOs Height, Richest CEOs History, Richest CEOs Home Town, Richest CEOs Images, Richest CEOs Income, Richest CEOs Net Worth, Richest CEOs News, Richest CEOs Partner, Richest CEOs Place Of Birth, Richest CEOs Profession, Richest CEOs Salary, Richest CEOs Story, Richest CEOs Talent, Richest CEOs Videos, Richest CEOs Weight, Who Is Angelo Mozilo, Who Is Angelo R Mozilo, Who Is Richest Businessmen, Who Is Richest CEOs,