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Andrew's Lesson  THE FEDERAL Emergency Management Agency, which is overseeing the mammoth relocation of thousands of displaced Hurricane Katrina victims, should draw lessons from Hurricane Andrew, which struck Florida in 1992.read more...


Spring selloffs bring end-of-year rallies  If last week's 2.6 percent drop in the Standard & Poor's 500 index seemed somehow familiar, it was.read more...


Loan demand dips as 30-year mortgage rate hits 6.61%, highest since 2002 (USA Today)  Mortgage applications fell last week as fewer people sought to refinance as interest rates hit their highest this year, an industry trade group said Wednesday.read more...


In a mortgage mess? Don't despair, get help (Dallas Morning News)  Behind on your mortgage payment? Facing a big jump in your monthly payment when your interest rate resets?read more...


Standing out from the Crowd  read more...


Realty Q&A  Q. What is your opinion about purchasing a condo in San Diego where there is a possible housing bubble? Would you advise buying now versus waiting a year when interest

September 29th, 2007

Countrywide CEO Dumped Stock Before Mortgage Slump (CBS 5 Bay Area)

Countrywide Financial Corp. Chairman and CEO Angelo Mozilo cashed in $138 million in stock options over the last year, switching his trading plans as the mortgage company went into a tailspin, it was reported Saturday.

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