Countrywide CEO Forfeits $37.5 Million in Severance Pay
10842
LOS ANGELES, Jan. 27 -- Countrywide Financial chief executive Angelo R. Mozilo, under fire over the size of his potential payout from the proposed sale of his troubled mortgage company, says he is forfeiting $37.5 million in severance pay, fees and perks he was scheduled to receive upon retirement.
387727
Franklin Raines, Fannie Mae&#39;s former chief executive, who retired last week after regulators exposed accounting errors expected to force a massive earnings restatement, stands to get an annual pension of $1.37 million, the No.
256053
Mortgage lender Countrywide Financial Corp  said on Monday that Chief Executive Angelo Mozilo would relinquish his rights to receive around $37.5 million in severance and other payments related to the company's sale to Bank of America Corp .
66677
Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a $421.9 million fourth-quarter loss on Tuesday, hurt by mounting defaults in a sinking housing market.
159637
Countrywide Financial Corp ,  the largest U.S. mortgage lender, said on Thursday that it had  lined up $12 billion of secured financing to help cope with a  housing slowdown that has reduced loan demand and will lead to  widespread layoffs.
331140
Former Dell CEO Kevin Rollins, who was ousted by the computer manufacturer's board at the end of January and replaced by company founder Michael Dell, won't leave empty handed: Rollins will receive a severance package that includes $5 million in cash over the next two years.
276859
Countrywide Financial Corp  posted a $1.2 billion third-quarter loss on Friday as the housing market slumped, but its shares soared after the largest U.S. mortgage lender projected a return to profit this quarter as it slashes jobs and regains its footing.
457091
Countrywide Financial Corp , the mortgage lender being acquired by Bank of America Corp , posted a larger-than-expected $421.9 million quarterly loss on Tuesday as more homeowners fell behind on payments.
695961
Countrywide Financial Corp.,  the largest U.S. mortgage lender, said on Monday that  foreclosures rose to a five-year high and turmoil in the  subprime market may hurt earnings, and its shares fell.
1066
Countrywide Financial Corp. , the largest U.S. mortgage lender, on Friday told its brokers to stop offering borrowers the option of no-money-down home loans, according to a document obtained by Reuters.
681026
Countrywide Financial systematically led people to high-cost mortgages that were not suited for them, some former employees say.
181999
Shares of Countrywide Financial, the nation's largest mortgage lender, plummeted yesterday on rumors, which the company denied, that it was contemplating a bankruptcy filing. The drop came on yet another bad day for the stock market, which has been off to a terrible start for 2008.
326070
By The Orange County Register, Calif.  Dec. 19--Chipmaker Broadcom Corp. said it canceled more than $37 million  in stock options for three former employees after finding that they adjusted  the dates of the options to maximize their value.
386828
Countrywide Financial Corp., its stock pummeled this week by rumors of bankruptcy and lackluster housing market forecasts, said Wednesday the percentage of borrowers who missed payments on home loans last month rose, signaling worsening trouble for the nation's largest mortgage lender and for the entire mortgage sector.
214047
Countrywide Financial Corp.  shareholders on Wednesday rejected a proposal to give them an advisory vote on setting pay for top executives.
455028
Countrywide Financial Corp  posted a $1.2 billion third-quarter loss on Friday, but its shares climbed after the largest U.S. mortgage lender said it expected to be profitable in the fourth quarter and in 2008, and has weathered the worst of the nationwide housing downturn.
454258
Fannie Mae has agreed to forfeit some $7.5 million in an accord with the Justice Department, which had accused the mortgage giant of accepting money it knew had been lost by a federal agency in a fraud scheme.