Countrywide loses $893 million for the quarter while Angelo Mozilo cashes in for $143 million

Posted by on April 29th, 2008 at 09:39pm

philparr.com wrote an interesting post today on
Here’s a quick excerpt
Countrywide loses $893 million for the quarter while Angelo Mozilo cashes in for $143 million April 30th, 2008 | Category: Mortgage News said Tuesday it lost $893 million in the first quarter, as rising loan defaults amid a deepening housing downturn forced the nation’s largest mortgage lender and servicer to sharply increase its provision for loan losses and book other credit-related charges.Shareholders saw their stake in the compa… mortgage financing bad credit mortgage mortgage inte

Read the rest of this great post here

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