Richard Weed

Countrywide CEO Finds Struggling Homeowners “Disgusting”

The headline of this worthless article is just like most of the others published; a twist of the words in Mozilo's e-mail. He never said he found struggling borrowers disgusting. What he found disgusting is the use a form letter that doesn't properly explain the customer's needs and current status. I am no fan of Mozilo but am tired of the press preying on the words of every executive out there who actually has an opinion.