Angelo Mozilo, Countrywide Financial’s former CEO, dies at 84 By Reuters

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<p>(Reuters) -Angelo Mozilo, who propelled Countrywide Financial Corp to become the largest U.S. mortgage lender before its crash in the 2008 financial crisis, has died, his family foundation said.</p>
<p>Mozilo, 84, died of natural causes, the foundation said in a statement on July 16.</p>
<p>He became the face of the mortgage meltdown when the subprime crisis surfaced in 2007. He was the son of a Bronx butcher who embodied a rags-to-riches success story.</p>
<p>In 2006, when Mozilo was the chief of the mortgage lender Countrywide Financials, the firm originated $461 billion worth of loans — close to $41 billion of which were subprime. Subprime loans were responsible for the global financial crisis.</p>
<p>Bloomberg earlier reported the news about Mozilo’s death.</p>
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