Angelo R. Mozilo

Dictionary Says

Definition of 'Angelo R. Mozilo'


The co-founder, former chairman and former CEO of mortgage lender Countrywide Financial Corp. Born in 1938 in New York City, Mozilo co-founded Countrywide with David Loeb in 1969. By 2004, he had made Countrywide the largest mortgage originator in the United States, with a 13.1% market share. In 2008, Mozilo's last year with the company before it was purchased by Bank of America, Forbes named Mozilo the fourth-highest-paid CEO in the United States.
Investopedia Says

Investopedia explains 'Angelo R. Mozilo'


The Securities and Exchange Commission charged Mozilo with securities fraud and insider trading in 2009. He was also accused of helping politicians to finance mortgages at terms more favorable than those available to the public.

comments powered by Disqus
Hot Definitions
  1. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  2. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  3. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
  4. Private Equity

    Equity capital that is not quoted on a public exchange. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity.
  5. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  6. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
Trading Center