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)
UPI Related News
CALABASAS, Calif., Aug. 8 (UPI) -- U.S. market regulators and the FBI are investigating California mortgage giant Countrywide Financial Corp., various officials said.
HARTFORD, Conn., July 25 (UPI) -- Connecticut Sen. Chris Dodd said he plans to give additional details about his home loans amid accusations he received special treatment as a Senate member.
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 23 (UPI) -- U.S. Sen. Kent Conrad, D-N.D., Monday denied asking for special deals from Countrywide Financial in financing two properties.
WASHINGTON, June 18 (UPI) -- Two influential U.S. senators have denied knowledge they were receiving special gifts when Countrywide Financial gave them breaks on their mortgages.
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.
