countrywide lawsuits: Countrywide, still in the weeds...
- 03/10/08 06:59 AM
We expected that the lead story of this week would be the Congressional testimony of Countrywide Mortgage CEO Angelo Mozilo and other mortgage company executives about their high levels of compensation which continue despite the enormous loses their companies have suffered in the subprime mortgage collapse. While we will report on that hearing before the House Committee on Government and Oversight, other news over the weekend has served to overshadow that sideshow. First, The Wall Street Journal reported that Countrywide Mortgage and Wells Fargo and Company were under investigation by the Attorney General of Illinois for having improperly steered minority borrowers into (0 comments)