About Me
Craig D. Robins, Esq. New York Bankruptcy Attorney, Longisland bankruptcy attorney

“ Craig D. Robins, Esq., has been a practicing Long Island bankruptcy attorney for over twenty-four years ”

Craig D. Robins, Esq.

Countrywide Mortgage Founder Gets His Due

Posted on Friday (June 5, 2009) at 5:25 am to Current Events
Mortgages & Sub-Prime Mortgage Meltdown

Countrywide former CEO Mozila, a direct cause of the nation's mortgage meltdown, now being charged by the SEC for fraudWritten by Craig D. Robins, Esq.
Countrywide fueled this country’s sub-prime mortgage housing collapse.  Now its former CEO is being sued by the SEC for fraud
Angelo Mozilo, who is one of the biggest names responsible for the irresponsible lending practices that led to the sub-prime mortgage meltdown, is now the target of an SEC lawsuit for fraud and insider trading.
The SEC held a news conference in Washington today to discuss claims that Mozilo failed to inform Countrywide shareholders just how lax lending standards became at the mortgage giant as the housing boom neared its collapse. The SEC also is scrutinizing Mozilo’s sale of hundreds of millions of dollars in stock as defaults mounted on the high-risk loans in which Countrywide had specialized.
I have written extensively that Countrywide also had the reputation of being the poster child of bad boy frivolous litigation practices in bankruptcy courts across the country.  See Major Mortgagee in Trouble Again with Bankruptcy Court .
Be Sociable, Share!
Print This Post Print This Post
Be Sociable, Share!

About Us

Craig D. Robins, Esq. is a Long Island bankruptcy lawyer, who is focused primarily on helping individuals and families, find solutions to their debt problems. Read more »


Subsribe via RSS Feed Reader

Contact Us

Craig D. Robins, Esq.
35 Pinelawn Road, Suite 218E, Melville, NY 11747.

Tel : 516 - 496 - 0800