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Angelo Mozilo Settles California Lending Suit for $6.5 Million

Angelo Mozilo, former chief executive officer of Countrywide Financial Corp. Photographer: Jay Mallin/Bloomberg
Angelo Mozilo, former chief executive officer of Countrywide Financial Corp. Photographer: Jay Mallin/Bloomberg

Feb. 2 (Bloomberg) -- 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.

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To contact the reporter on this story: Joel Rosenblatt in San Francisco at jrosenblatt@bloomberg.net

To contact the editor responsible for this story: David Rovella at drovella@bloomberg.net

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