Mortgage Lender

Countrywide CEO Shamed Into Forefeiting $37.5 Million Severance Pay

Wall Street Journal | JAMES R. HAGERTY | Posted 03.28.2008 | Business


Angelo Mozilo, chairman and chief executive officer of Countrywide Financial Corp., is giving up $37.5 million of severance pay, fees and benefits in ...

Mortgage Lender Lays Off 2,403 Employees

AP | Alex Veiga | Posted 03.28.2008 | Business


Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it t...

Countrywide Denies Bankruptcy Rumors

AP | Alex Veiga | Posted 03.28.2008 | Business


Shares of Countrywide Financial Corp., the nation's largest mortgage lender, partially recovered from a midday plunge Tuesday after the company denied...