House committee questions mortgage CEOs about compensation in Washington
Angelo Mozilo, founder and CEO of Countrywide Financial Corporation (second from right), testifies before a House Oversight and Government Reform Committee hearing on the compensation mortgage company CEOs receive on Capitol Hill in Washington on March 7, 2008. This hearing is part of Congress' ongoing examination of the subprime mortgage crises. From left are Richard Parsons, chairman of Citigroup's Personnel and Compensation Committee; E. Stanley O'Neal, former chairman and CEO of Merrill Lynch; John Finnegan, chairman of Merrill Lynch's Management Development & Compensation Committee; Mozilo; and Harley Snyder, chairman of Countrywide Financial Corporation's Compensation Committee. (UPI Photo/Roger L. Wollenberg)
Latest Headlines
WASHINGTON, Oct. 7 (UPI) -- Is the anti-capitalist “Occupy Wall Street” movement, now spreading from New York to other major cities, splitting the Democrats as the Tea Party split Republicans?
LOS ANGELES, Feb. 18 (UPI) -- U.S. prosecutors have decided they cannot prove a criminal case against the former chairman of Countrywide Financial Corp., the Los Angeles Times says.
SPRINGFIELD, Ill., June 25 (UPI) -- Illinois Attorney General Lisa Madigan said she would sue the nation's largest mortgage lender for overselling risky loans.
WASHINGTON, June 15 (UPI) -- U.S. Sen. Kent Conrad says he will donate $10,500 to charity because he discovered he received preferential treatment from a troubled mortgage firm.
WASHINGTON, June 11 (UPI) -- An official linked to the mortgage scandal resigned Wednesday as head of U.S. Sen. Barack Obama's vice presidential search team, the Obama campaign said.
WASHINGTON, June 10 (UPI) -- A political news Web site says the presence of Democratic Party insider Jim Johnson in Barack Obama's presidential campaign has become a distraction.
WASHINGTON, June 7 (UPI) -- The head of U.S. mortgage lender Countrywide Financial Corp. allegedly approved special loans to politically connected borrowers, a report said.
CALABASAS, Calif., March 29 (UPI) -- Countrywide Financial Corp.'s top executives will get hefty payments in the company's merger with Bank of America, filings with U.S. regulators indicate.
CALABASAS, Calif., Oct. 23 (UPI) -- A group representing pension funds is trying to oust the chairman of U.S. lender Countrywide Financial, citing investigations and the company's sub-prime woes.
NEW YORK, Oct. 18 (UPI) -- The U.S. Securities and Exchange Commission reportedly has opened an informal investigation into stock sales of the chief executive of Countrywide Financial.
Quotes
United Press International
United Press International
United Press International
