Ex-HUD Chief Resigns as Countrywide Director

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.