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)
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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.
CALABASAS, Calif., Sept. 7 (UPI) -- Countrywide Financial Corp., based in California, announced Friday that as many as 12,000 of its staffers could be out of work soon.
LOS ANGELES, Aug. 16 (UPI) -- The mortgage lender calling itself No. 1 in the United States is reported facing widespread credit worries and maybe even bankruptcy.
