Angelo Mozilo, ex-CEO of failed Countrywide Financial, praised at mortgage conference

Angelo Mozilo, founder and former CEO of Countrywide Financial Corporation, center, is sworn in at the House Oversight and Government Reform Committee hearing on Capitol Hill in Washington, March 7, 2008, in Washington. The committee was examining the compensation and retirement packages granted to the CEOs of corporations deeply involved in the current mortgage crisis. […]

Home Prices vs. Recessions

There have been three recessions since the 1990s, including the Great Recession, which took place from 2007 and 2009 and lasted about a year and a half. Earlier, a recession took place in 1990 thanks to growing inflation and debt, followed by the Iraqi invasion of Kuwait, which exacerbated oil prices. Foreclosure News