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Angelo Mozilo, former CEO of Countrywide Financial and face of 2008 subprime mortgage crisis, dies at 84

  • Mozilo co-founded Countrywide Financial, which became the largest U.S. mortgage lender during the housing boom.
  • Countrywide engaged in risky subprime lending and its collapse was a catalyst of the 2008 financial crisis.
  • Mozilo was named one of the "25 People to Blame" for the crisis by Time magazine.
  • After Countrywide's sale to Bank of America, Mozilo paid $67.5 million to settle insider trading and fraud charges.
  • Mozilo's role in the subprime mortgage crisis made him a prominent face of the 2008 financial meltdown.
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