Angelo Mozilo Settles California Lending Suit for $6.5 Million

Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo and the company’s ex-Chief Operating Officer David Sambol will pay $6.5 million to settle a predatory lending lawsuit filed by California, state Attorney General Kamala Harris said in an e-mailed statement.

To contact the reporter on this story: Joel Rosenblatt in San Francisco at

To contact the editor responsible for this story: David Rovella at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.