CEO Angelo Mozilo

Reuters - A federal judge rejected a request by Angelo Mozilo, the former chief executive of mortgage lender Countrywide Financial Corp, to dismiss a U.S. Securities and Exchange Commission lawsuit accusing him of securities fraud and insider trading. Read Full Story

Where are the perp walks for the subprime mortgage executives that dragged us into this mess? Three years after the housing bubble popped, federal prosecutors have yet to bring a case against the executives whose firms took part in some of the worst excesses of the subprime mortgage market Continued here: Where are the subprime perp walks? Read Full Story

An SEC civil-fraud suit filed against former Countrywide boss Angelo Mozilo has been challenged by his defense team on the basis that company disclosures have been ignored and some evidence has been misquoted, according to the WSJ. The attorneys representing two other defendants in the case, former Countrywide President David Sambol and former CFO Eric Sieracki, Related posts: Borrowers in Need of Loan Mods Charged Hundreds for Copies of Loan Documents 7-Cent Underpayment Costs See the original post here: Mozilo Defense Attorneys Want SEC Suit Dismissed Read Full Story

The former CEO of Countrywide Financial Corp. is asking for the dismissal of the federal government's civil-fraud case against him, citing distorted evidence and the omission of company disclosures, according to a published report. The Wall Street Journal reported Saturday that attorneys for Angelo Mozilo filed the motion to dismiss the Securities and Exchange Commission's case in federal court in Los Angeles. In the filing, Mozilo's attorneys say the alleged inaccuracies and omissions undermine the SEC's case against their client. Related motions for dismissal were filed by the two other defendants in the case, former Countrywide President David Sambol and former Chief Financial Officer ... Read Full Story

AP - The former CEO of Countrywide Financial Corp. is asking for the dismissal of the federal government’s civil-fraud case against him, citing distorted evidence and the omission of company disclosures, according to a published report. Read Full Story