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Former Countrywide CEO Blames Homeowners for Housing Crisis

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  • William Matz | | 19 Dec 2012, 03:59 PM Agree 0
    Like to see him explain why subprime and Pay Option ARMs were not a factor when they adjusted or reset to 200-300% of the intro payment. Also explain why paying 4 point rebates to brokers is not a RESPA violation. And comment in detail about the attorney general lawsuit and settlement detailing how Countrywide ignored responsible underwriting as a company policy. Countrywide was a decent lender at one point, but Mozilo succumbed to greed and dreams of grandeur.
  • Jack Timmins | | 20 Dec 2012, 09:47 AM Agree 0
    67 mil to stay out of jail. 1.7 Bill by overseas bank for libor scam...nobody went to jail....I wonder why?
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