Is Angelo Mozilo a villain or just vilified?
Is Angelo Mozilo a villain or just vilified?
The Los Angeles Times
When David Gautreaux volunteered to assist at a charity golf tournament in Thousand Oaks two years ago, he was eager to meet the event's host, Angelo R. Mozilo, then chief executive of mortgage giant Countrywide Financial Corp.
Banks 'Too Big to Fail' Have Grown Even Bigger
The Washington Post
When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared their failure would ruin the entire financial system.
Today, the biggest of those banks are even bigger.
Judge steps down in foreclosure case
Daytona Beach News-Journal
DAYTONA BEACH -- Tensions over how some lawyers from far and wide are handling large numbers of foreclosures for banks came to a head in DeLand on Monday when a veteran judge removed himself from a case after complaints about his comments.
Va. localities get U.S. aid to help with foreclosures
Richmond Times-Dispatch
Virginia is hoping that federal dollars will breathe new life into homes and neighborhoods shuttered by mortgage foreclosures in nine localities, including Chesterfield County and Petersburg.
Gov. Timothy M. Kaine announced yesterday that the state is distributing $9.4 million under a federal program created last year to help communities with high rates of home foreclosures during the recession.
July pending home sales rise to 2-year high
Associated Press
WASHINGTON — Pending U.S. home sales rose more than expected in July to the highest level in more than two years as first-time buyers rushed to take advantage of a tax credit that expires this fall.