Former Housing and Urban Development Secretary Henry Cisneros has resigned from the board of Countrywide Financial Corp., Calabasas, Calif., to spend more time managing CityView, a company that lends money to urban homebuilders.According to a public filing, Mr. Cisneros' resignation letter is dated Oct. 18, but Countrywide did not issue a news release on his departure until Oct. 24. A HUD secretary during the Clinton administration, he joined Countrywide's board in 2001. In his letter of resignation he notes his "immense admiration" for Countrywide as a company. Countrywide can be found on the Web at http://www.countrywide.com.
Ex-HUD Chief Resigns as Countrywide Director
October 25, 2007, 2:00 p.m. EDT 1 Min Read
