Deals
Angelo Mozilo Settles Lending Suit for $6.5 Million
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Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and ex-Chief Operating Officer David Sambol agreed to $6.5 million settlement to resolve a predatory lending lawsuit filed by California.
Money from the accord will be used for a relief fund to aid foreclosures and mortgage delinquencies, state Attorney General Kamala Harris said today in a statement.