General World News

Angelo Mozilo, the ‘face of the financial crisis,’ dies at 84

Angelo Robert Mozilo, the founder of Countrywide Financial, died from natural causes this weekend, his family announced. He was 84 years old. 

Mozilo was a pioneer of the mortgage industry, though a deeply controversial figure. 

“Independent of how people outside of the industry may perceive this man, insiders know what an incredible force he was,” his son Eric Mozilo wrote in a LinkedIn post. “Over his span of 50 years, he dedicated his life to delivering the American dream of homeownership to millions. He absolutely insisted on ensuring that minorities were represented, first and foremost. No company, not even details ⇒

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