Angelo Mozilo and his doomed mortgage machine

Former Countrywide CEO Angelo Mozilo is regarded by many as one of the villains of the financial crisis, as his company was the top mortgage lender at the height of the bubble that nearly brought down the U.S. economy. He does not share that view......»»

Former Countrywide CEO Angelo Mozilo is regarded by many as one of the villains of the financial crisis, as his company was the top mortgage lender at the height of the bubble that nearly brought down the U.S. economy. He does not share that view......»»

Fannie Mae and Freddie Mac cranked out profits as housing recovered after the financial crisis, and Congress couldn’t come up with a very good alternative to them. Now, the Trump administration has a roadmap for re-privatizing them......»»

Fannie Mae and Freddie Mac cranked out profits as housing recovered after the financial crisis, and Congress couldn’t come up with a very good alternative to them. Now, the Trump administration has a roadmap for re-privatizing them......»»

Who is better suited to opine on the boom and bust of the current US housing bubble than the man who personally presided and profited f.....»»

Speaking at an exclusive hedge fund conference in Las Vegas this week, the disgraced for.....»»

Three new Pokémon videogames coming to Nintendo’s Switch this year could provide important sales fuel as the company looks to avoid the kind of thin slate of releases that doomed its previous game machine......»»

Commercial mortgage brokerage could be the next industry to face machine disruption. At least two companies have released software this year aiming to supplant human brokers with algorithms that scour lending pools and even identify potential i.....»»

According to The Wall Street Journal, average 30-year mortgage rates have now surged to 7.1% and home sales for March, correspondingly, fell 4.3%, the largest drop since November 2022.  Since inflation has also dras.....»»

Homebuyer Payment Hits Record High As Mortgage Rates Climb Back Above 7% For The First Time In 2024.....»»

It wasn’t long ago when mortgage refinancing was king, generating record-breaking profits and driving lenders with more business than they could handle. During the height of the COVID-19 pandemic in 2020 and 2021, aver.....»»

The Homedics sound machine is lightweight and no-frills; it's a great option for anyone who travels a lot or doesn't want screens in the bedroom When you buy through.....»»

Freddie Mac reports the 30-year fixed mortgage rate averaged 7.10% for the week ending April 18 — up from 6.88% last week......»»

These are today's mortgage and refinance rat.....»»

In a mixed bag for housing, mortgage applications for new homes jumped in March, while new-construction sales simultaneously fell amid affordability woes, according to the Mortgage Bankers Association (MBA). Mortgage applications for new-home .....»»

These are today's mortgage and refinance rates. Mortgage rates are holding steady around 7% after spiking last week in response to .....»»

Dominique Raroha bought a duplex for her first home instead of a traditional apartm.....»»

March saw the largest monthly drop in existing home sales in o.....»»

The Business Journals recently spoke with NLP Logix CEO Ted Willich about building a machine-learning company — and what the future holds......»»

The Business Journals recently spoke with NLP Logix CEO Ted Willich about building a machine-learning company — and what the future holds......»»