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Loan Modification

: Mortgage Lender Implode-o-Meter

Mozilo Predicted U.S. Housing Collapse as Fed Overlooked Risk

By Implode-Explode Heavy Industries

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"Former Countrywide Financial Corp. Chief Executive Officer Angelo Mozilo warned as early as 2004 of a possible housing-market collapse while the Federal Reserve overlooked the threat a year later, according to documents released by the Financial Crisis Inquiry Commission."

Full post as published by Mortgage Lender Implode-o-Meter on January 28, 2011 (boomark / email).

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