Angelo Mozilo, Countrywide Financial CEO and key player in 2008 financial crisis, dies at 84Angelo Mozilo, former chief executive of Countrywide Financial and a key player in the subprime mortgage meltdown that led to the 2008 financial crisis, died Sunday. “It is with great sadness that the family of Angelo Robert Mozilo announces his passing from natural causes. The family requests privacy at this time,” The Mozilo Family Foundation, a charitable organization founded by Mozilo and his late wife Phyllis, said in a press release. Mozilo’s name and that of the mortgage-lending company he cofounded are closely linked to the subprime mortgage meltdown that helped snowball the financial crisis in 2008. The embattled mortgage lender agreed to be acquired by Bank of America for $4 billion in an all-stock deal in 2008.

Source: CNN July 17, 2023 22:09 UTC