Prior to its demise, Countrywide Mortgage was one of the largest mortgage originators and loan servicers in

Question:

Prior to its demise, Countrywide Mortgage was one of the largest mortgage originators and loan servicers in the United States. Its top executive, Angelo Mozilo, offered mortgage loans to key government officials and Congressmen at rates that were lower than the rates charged on identical loans to the general public. These loans were called "Friends of Angelo" loans. Was this ethical? Was this a crime?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: