Countrywide CEO Mozilo Seeks Government Help
SOURCE: CNN Money
Angelo Mozilo, CEO of Countrywide (Charts, Fortune 500) Financial, is stating that the government needs to step up and let Fannie Mae and Freddie Mac buy larger home loans.
Debate on how to restructure the troubled mortgage industry is being heard from different views including interest rate cuts, tighter restrictions on mortgage lending and freezing interest rates. One thing that is agreed on is that tighter restrictions are needed to avoid a recurrence of what is happening today.
Read full report »
Angelo Mozilo, CEO of Countrywide (Charts, Fortune 500) Financial, is stating that the government needs to step up and let Fannie Mae and Freddie Mac buy larger home loans.
Debate on how to restructure the troubled mortgage industry is being heard from different views including interest rate cuts, tighter restrictions on mortgage lending and freezing interest rates. One thing that is agreed on is that tighter restrictions are needed to avoid a recurrence of what is happening today.
Read full report »
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